$ISRG Impressive earnings For Intuitive Surgical.Looking for a possible long on a good break above $550.
Shares of Intuitive Surgical (ISRG) jumped 3.9%, near 550, in after-hours trading on the stock market today.
During the third quarter ended Sept. 30, Intuitive Surgical earned $3.43 per share, on an adjusted basis. Earnings increased more than 21% year over year and topped the average estimate of analysts polled by Zacks Investment Research for $2.96 a share.
Revenue grew 23% to $1.13 billion and beat analyst forecasts for $1.06 billion. Procedures using Intuitive Surgical's biggest robotic surgery system, da Vinci, ramped up 20% year over year. Evercore ISI analyst Vijay Kumar called the number "impressive."
Source Investor bus Daily.
Company profile
Intuitive Surgical, Inc. engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for invasive surgery. Its products include Da Vinci and Ion. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.