Intuitive Surgical Beats Q1 Estimates, Stock Up 1.4%, Market Cap $132B

Apr 18, 2024, 08:19 PM

Intuitive Surgical, Inc. reported its first-quarter earnings, surpassing Wall Street estimates with a revenue of $1.89 billion and adjusted earnings per share (EPS) of $1.50, which was $0.08 above expectations. These figures beat the forecasts of $1.87 billion in revenue and $1.41 EPS. The company's success was driven by a significant 16% year-over-year growth in worldwide da Vinci procedures. Following the announcement, Intuitive Surgical's stock saw an increase, up 1.4% in after-hours trading, with a market cap of $132.07 billion.