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| Name | Symbol | Market | Type |
|---|---|---|---|
| Intuitive Surgical CDR | NEO:ISRG | NEO | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.27 | -3.87% | 31.58 | 30.28 | 31.66 | 31.90 | 31.04 | 31.33 | 61,510 | 22:30:01 |
From Jan 2023 to Jan 2025
By Ben Glickman
Intuitive Surgical's revenue rose in the fourth quarter as it completed more procedures with its robotic-assisted surgery systems.
The Sunnyvale, Calif.-based company posted a profit of $606.2 million, or $1.69 a share, in the quarter ended Dec. 31, compared with $324.9 million, or 91 cents a share, a year earlier. Analysts polled by FactSet expected per-share earnings of $1.30.
Stripping out certain one-time items, adjusted per-share earnings came to $1.60, ahead of the $1.48 forecast by analysts, according to FactSet.
Revenue rose 17% to $1.93 billion, beating the $1.89 billion expected by analysts polled by FactSet.
Intuitive Surgical's instruments and accessories revenue increased 22% in the period on the back of 21% growth in procedure volume from its da Vinci systems and a pricing benefit.
The company's installed base increased 14% from a year earlier.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
January 23, 2024 16:37 ET (21:37 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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