Intuitive Surgical gains on Q3 beats

Intuitive Surgical (NSDQ:ISRG) shares gained in pre-market trading today after the robot-assisted surgery pioneer posted third-quarter results that beat expectations for both sales and earnings.
Sunnyvale, Calif.-based Intuitive reported profits of $396.8 million, or $3.33 per share, on sales of $1.23 billion for the three months ended Sept. 30, marking a 35.7% bottom-line gain on sales growth of 33.4% compared with Q3 2018.
Adjusted to exclude one-time items, earnings per share were $3.43, 44¢ above the consensus on Wall Street, where analysts were looking for sales of $1.06 billion.
“We are pleased with performance in the quarter, reflected in our support of customers in procedures performed and system placements. Intuitive is committed to enabling care givers in their pursuit of better outcomes while lowering their total cost of treatment,” CEO Gary Guthart said in prepared remarks.
ISRG shares, which closed down -0.2% at $529.40 apiece yesterday, were up 3.0% to $545.30 today in pre-market trading.
Original Article: (https://www.massdevice.com/intuitive-surgical-gains-on-q3-beats/)