Late Tuesday, Intuitive Surgical (ISRG) announced adjusted profit of $1.23 per share on $1.66 billion in fourth-quarter sales. In response, ISRG stock fell.
On average, analysts expected the robotic surgery company to earn $1.25 a share on $1.67 billion in sales. Intuitive Surgical already pre-announced $1.66 billion in sales and procedure growth of 18%. The latter is an important metric, informing the strength of sales of one-time instruments and accessories.
In the year-earlier period, Intuitive Surgical reported earnings of $1.29 a share and $1.55 billion in sales.
In after-hours action on today’s stock market, ISRG stock dipped 1.5% after gaining 0.8% and closing at 257.98 during the regular session.
More to follow.
Follow Allison Gatlin on Twitter at @IBD_AGatlin.
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