Intuitive Surgical (ISRG) stock zoomed higher late Tuesday after the robotic surgery giant reported adjusted earnings of $2.40 per share on $2.51 billion in third-quarter sales.
On average, analysts polled by FactSet expected Intuitive to earn $1.99 per share and report $2.41 billion in sales. The number of procedures performed using Intuitive Surgical’s bread-and-butter robotic system, da Vinci, jumped 20%, well ahead of forecasts for 15.7%.
During the year-earlier period, the company earned $1.84 a share and had $2.04 billion in sales.
For the year, Intuitive Surgical expects the number of procedures performed using its da Vinci robotic surgery systems to climb 17% to 17.5%, vs. 17% growth in 2024. Analysts called for a lower 16.4% procedure growth this year.
In after-hours trades on today’s stock market, Intuitive Surgical stock ran up more than 13% to 525.97. Shares are forming a lengthy consolidation with a buy point at 616, according to MarketSurge. Intuitive stock just retook its 50-day moving average, but remains well below its 200-day line.
More to follow.
Follow Allison Gatlin on X/Twitter at @AGatlin_IBD.
YOU MAY ALSO LIKE:
Hologic, After Spiking On Rumors, Agrees To $18.3 Billion Take-Private Deal
Danaher Tops Its 5% Chase Zone As One Key Division Drives Growth
Looking For The Next Big Stock Market Winners? Start With These 3 Steps
Best Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists
See Stocks On The List Of Leaders Near A Buy Point
