Intuitive Surgical Q3 EPS $1.46 Beats $1.41 Estimate, Sales $1.74B Miss $1.77B Estimate
Portfolio Pulse from Benzinga Newsdesk
Intuitive Surgical reported Q3 earnings of $1.46 per share, beating the analyst consensus estimate of $1.41 by 3.55%. However, the company's quarterly sales of $1.74 billion missed the analyst consensus estimate of $1.77 billion by 1.53%. The earnings represent a 22.69% increase from the same period last year, while the sales represent a 11.95% increase.
October 19, 2023 | 8:06 pm
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NEUTRAL IMPACT
Intuitive Surgical's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions. The YoY growth in both earnings and sales is positive.
Intuitive Surgical's earnings beat could be seen as a positive by investors, potentially driving the stock price up. However, the sales miss could counteract this, leading to a neutral or mixed short-term impact. The YoY growth in both earnings and sales indicates the company's overall financial health, which is a positive sign for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100