Intuitive Surgical Stock Is Rising After Hours: What's Going On?
Portfolio Pulse from Adam Eckert
Intuitive Surgical Inc (NASDAQ:ISRG) reported preliminary financial results that exceeded estimates, with Q4 revenue expected at $1.93 billion against estimates of $1.87 billion, and full-year revenue at $7.12 billion versus $7.07 billion. The company saw a 21% year-over-year growth in Q4 da Vinci procedures and a 22% increase in full-year procedures. Despite early 2023 COVID-19 impacts in China, significant disruptions were not experienced for the remainder of the year. The stock rose 4.75% after hours to $346.25.
January 09, 2024 | 10:35 pm
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Intuitive Surgical's after-hours stock price increased following the announcement of preliminary financial results that surpassed estimates, with significant growth in da Vinci procedures.
The positive preliminary financial results and the growth in da Vinci procedures indicate strong performance and market adoption, which typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100