Intuitive Surgical shares surge 7% after Q3 earnings beat

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Intuitive Surgical shares surge 7% after Q3 earnings beat

), a leader in robotic-assisted surgery, saw its shares jump 7.2% after reporting third-quarter earnings that surpassed analyst expectations. The company's strong performance was driven by increased adoption of its da Vinci surgical systems and growth in procedure volumes.

The company's da Vinci procedures grew approximately 18% YoY, while system placements increased to 379 units, up from 312 in the third quarter of 2023. Notably, 110 of these placements were the new da Vinci 5 systems. Intuitive's installed base of da Vinci systems reached 9,539, a 15% YoY increase. Gary Guthart, Intuitive's CEO, commented on the results:"Core measures of our business were healthy this quarter, and we are pleased by customer adoption of da Vinci 5. We remain focused on delivering the goals we share with our customers, centered on improving patient outcomes."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lunar company Intuitive Machines' stock jumps nearly 60% after NASA moon satellite contractNASA said the company was the sole awardee for a “lunar relay systems” contract, which has a maximum total value of $4.82 billion over five years.
Source: NBCLA - 🏆 319. / 59 Read more »

Lunar company Intuitive Machines' stock jumps more than 50% after NASA moon satellite contractNASA said the company was the sole awardee for a “lunar relay systems” contract, which has a maximum total value of $4.82 billion over five years.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Stocks making the biggest moves midday: Intuitive Machines, U.S. Steel, Victoria's Secret and moreThese are the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »