Intuitive Surgical Clocks Mixed Q3 Earnings, Stock Falls After-Hours
Portfolio Pulse from Ryan Gustafson
Intuitive Surgical, Inc. reported Q3 earnings of $1.46 per share, beating the analyst consensus estimate of $1.41. However, its quarterly sales of $1.74 billion missed the analyst consensus estimate of $1.77 billion. The company also placed 312 da Vinci surgical systems, compared with 305 in the same period in 2022. Despite the mixed results, the company's stock fell in after-hours trading.
October 19, 2023 | 8:33 pm
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Intuitive Surgical's Q3 earnings beat estimates but sales missed, leading to a drop in the company's stock in after-hours trading.
Intuitive Surgical's stock fell in after-hours trading due to its mixed Q3 results. While the company beat earnings estimates, it missed on sales, which is a key performance indicator for investors. This could lead to a short-term negative impact on the company's stock.
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