Intuitive Surgical Shares Soar 11.7% Following Q3 Beat

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Intuitive Surgical Shares Soar 11.7% Following Q3 Beat

StreetInsider2022-10-19

Intuitive Surgical shares gained 11.7% after-hours following the company’s reported Q3 results, with EPS of $1.19 coming in better than the consensus estimate of $1.12.

Revenue grew 11% year-over-year (up 15% on a constant currency basis) to $1.56 billion, beating the consensus estimate of $1.51 billion, driven by growth in da Vinci procedure volume, partially offset by a decline in system placements.

Q3 instruments and accessories revenue grew 15% to $872 million, compared to $755 million in Q3/21, primarily driven by approximately 20% growth in da Vinci procedure volume, partially offset by foreign currency impacts and customer buying patterns.

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Kitsonlin
·2022-10-19
Morning
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  up
  2022-10-19
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YauDK
·2022-10-19
Ye
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Jeffso
·2022-10-19
Ok
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