Intuitive Surgical's Solid Q4 Earnings Pushes The Stock Higher After-Hours: The Details
Portfolio Pulse from Ryan Gustafson
Intuitive Surgical, Inc. (NASDAQ:ISRG) reported Q4 earnings of $1.60 per share, surpassing estimates of $1.48 and showing a 30.08% increase from the previous year. Sales were $1.93 billion, exceeding expectations of $1.87 billion and marking a 16.51% increase year-over-year. Despite a decrease in cash and equivalents due to capital expenditures, da Vinci procedures grew by 21%. The stock rose 6.22% after-hours.
January 23, 2024 | 10:39 pm
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Intuitive Surgical's Q4 earnings and sales exceeded analyst expectations, with a significant year-over-year growth, leading to a 6.22% increase in after-hours trading.
The positive earnings report, which beat analyst expectations, typically leads to increased investor confidence and can drive the stock price up in the short term. The after-hours price movement suggests immediate positive market reaction.
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