Robotic Surgery Giant Intuitive Surgical Tops Forecasts; Procedures Return To Growth

2 years ago 241

Late Tuesday, Intuitive Surgical (ISRG) reported adjusted net of $1.19 per stock connected $1.4 cardinal successful third-quarter sales. In response, ISRG banal inched higher.

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Notably, procedures utilizing Intuitive Surgical's da Vinci strategy popped 20%.

On average, analysts polled by FactSet expected the robotic country elephantine to gain $1.17 per stock connected $1.38 cardinal successful sales.

In the year-earlier period, Intuitive Surgical net were 92 cents a stock and the institution posted $1.08 cardinal successful sales.

In precocious trading connected the stock marketplace today, ISRG banal roseate 1.1% adjacent 336.10. Shares are presently forming a flat base with a buy point astatine 362.40, according to MarketSmith.com.

On Monday, ISRG banal inched a fraction higher aft the institution unveiled promising results for a trial of its robotic country lung crab biopsy. Using the strategy Intuitive Surgical calls Ion resulted successful an 83% diagnostic yield. This means determination was an 83% accidental the samples obtained would assistance physicians diagnose a patient's cancer.

More to follow.

Follow Allison Gatlin connected Twitter astatine @IBD_AGatlin.

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