Intuitive Surgical Earnings: Here’s Why Investors are Selling Shares Now
Intuitive Surgical, Inc. (NASDAQ:ISRG) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 11.86%.
Intuitive Surgical, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 4% to $3.9 in the quarter versus EPS of $3.75 in the year-earlier quarter.
Revenue: Rose 7.83% to $578.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Intuitive Surgical, Inc. reported adjusted EPS income of $3.9 per share. By that measure, the company missed the mean analyst estimate of $4.04. It missed the average revenue estimate of $594.58 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…