Isrg stock today latest news: Intuitive Surgical stock jumps after beating Q3 earnings expectations & raising outlook for FY25
ISRG Stock Soars After Strong Third Quarter Results
The company predicts that procedures performed using its flagship da Vinci system will grow 17% in 2025, reaching 17.5%, according to the IBD report. Procedure growth is an important metric for Intuitive Surgical because it directly increases demand for the company’s one-time instruments and accessories. Analysts had predicted a more modest increase of 16.4%, according to the report.
Intuitive Surgical shares rose more than 18% in after-hours trading on Tuesday. The stock recently retook its 50-day moving average but remains below its 200-day line, with a potential buy point at 616, as reported by IBD.
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Intuitive Surgical Q3 Earnings and Revenue Exceed Analyst Expectations
The strong growth in da Vinci procedures was reflected in the company’s impressive third quarter results. Total procedures increased 20%, accounting for $1.52 billion in instrument and accessory sales, also up 20%. According to the IBD report, overall quarterly sales were $2.51 billion, beating analysts’ expectations of $2.41 billion. According to the report, the company reported adjusted earnings per share of $2.40, well above the $1.99 estimate.
During the quarter, Intuitive installed 427 new da Vinci systems, including 240 units of the latest da Vinci 5 model, according to the report. This compares with a total of 379 systems and 110 da Vinci 5 installations in the same period last year. The company also listed 50 Ion systems used for lung biopsies, down slightly from last year’s 58, even though Ion procedures were up 52% year over year, as reported by IBD. ALSO READ: What caused the AWS outage that disrupted more than 100 services and lasted 15 hours on Monday? Error decoded
FAQ
Why did Intuitive Surgery shares rise?
Shares rose sharply after the company beat third-quarter earnings and raised its 2025 outlook, according to an IBD report.
What is driving Intuitive Surgical’s growth?
According to the IBD report, the increase in procedures using the da Vinci robotic system is increasing revenues and device sales.
