Intuitive Sees Prelim FY23 Revenue ~$7.12B Vs $7.07B Est.
Portfolio Pulse from Benzinga Newsdesk
Intuitive Surgical, Inc. reported preliminary financial results for FY23, with an estimated revenue of approximately $7.12 billion, surpassing the $7.07 billion estimate. The company's fourth quarter revenue for 2023 was about $1.93 billion, a 17% increase from $1.66 billion in the same quarter of the previous year. Overall, the 2023 revenue represents a 14% rise from the $6.22 billion reported in 2022.
January 09, 2024 | 9:13 pm
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Intuitive Surgical's preliminary FY23 revenue of $7.12 billion exceeded analysts' expectations, indicating robust financial performance and potential market confidence.
Intuitive Surgical's reported preliminary revenues for FY23 and Q4 2023 that exceeded expectations are likely to be viewed positively by investors and could lead to a short-term increase in the stock price. The reported growth rates of 14% for the year and 17% for the quarter suggest strong performance and may increase investor confidence in the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100