Intuitive Surgical beat analysts' estimates on earnings for its latest quarter, while also surpassing revenue expectations.
The robotic surgery company reported earnings of $3.43 a share in the third quarter, compared to analysts’ expectation of $2.96 (based on survey by Zacks Investment Research).
Intuitive Surgical had a +21.2% gain in adjusted EPS during the third quarter compared to the same period a year ago.
Revenue increased +22.5% year-over-year for the to $1.13 billion, which exceeded the $1.06 billion expected by analysts (polled by Zacks).