Intuitive Surgical Earnings: Here’s Why the Stock is Jamming Higher
Intuitive Surgical, Inc. (NASDAQ:ISRG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up almost 6.49%.
Intuitive Surgical, Inc. Earnings Cheat Sheet
Results: Net income increased 15.67% to $174.9 million ($4.25 per diluted share) in the quarter versus a net gain of $151.2 million in the year-earlier quarter.
Revenue: Rose 22.64% to $609.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Intuitive Surgical, Inc. reported adjusted net income of $4.25 per share. By that measure, the company beat the mean analyst estimate of $4.04. It beat the average revenue estimate of $584.36 million.