Intuitive Surgical Beats Wall Street Forecasts for 4Q
January 23 2020 - 4:48PM
Dow Jones News
By Micah Maidenberg
Intuitive Surgical Inc. (ISRG) reported stronger shipments for
its main surgery product in the fourth quarter, a performance that
helped the company beat profit and revenue expectations.
The maker of the da Vinci Surgical System reported a profit of
$357.7 million, or $2.99 a share, up from $292.5 million, or $2.45
a share, in the fourth quarter of 2018.
Intuitive's adjusted profit of $3.48 a share was 10 cents higher
than what analysts polled by FactSet predicted for that metric.
Revenue increased 22% from the year earlier to $1.28 billion,
more than the $1.23 billion analysts had forecast.
The company shipped 336 da Vinci systems in the quarter, up 16%
compared to the fourth quarter of 2018. The install base of those
devices stood at 5,582 at the end of last year, compared with 4,986
as of the end of 2018.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
January 23, 2020 16:33 ET (21:33 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Intuitive Surgical (NASDAQ:ISRG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Intuitive Surgical (NASDAQ:ISRG)
Historical Stock Chart
From Apr 2023 to Apr 2024