Late Tuesday, Intuitive Surgical (ISRG) reported adjusted earnings of $1.60 per share on $1.93 billion in fourth-quarter sales. ISRG stock yo-yoed in after-hours trades.
On average, analysts polled by FactSet expected the robotic surgery behemoth to report adjusted profit of $1.48 a share on $1.89 billion in sales. Earlier this month, the company preannounced $1.93 billion in December-quarter sales.
In the year-earlier period, Intuitive Surgical earned $1.23 a share on $1.74 billion in sales.
Intuitive Surgical didn't provide an earnings or sales outlook for 2024, but previously said it expects procedures using its da Vinci robotic system to climb 13% to 16% this year. ISRG stock analysts forecasted $6.42 earnings per share and $8.08 billion in sales. They also forecast procedure growth of 14.8%.
https://www.investors.com/news/technology/isrg-stock-intuitive-surgical-earnings-q4-2023/
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