ISRG Stock Dips After Robotic Surgery Giant Reports Lagging Quarterly Profit

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.




X



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.

YOU MAY ALSO LIKE:

How J&J’s Mostly Defunct Covid Shot Still Managed To Hamper Sales; Danaher Dives

No. 1 IBD 50 Stock Catalyst Tanks As Teva Looks To Knock Off Its Only Product

Find Today’s Best Growth Stocks To Watch With IBD 50

Want More IBD Insights? Subscribe To Our Investing Podcast!

Profit From Short-Term Trends With SwingTrader