2023-04-18 18:19:33 ET
- Intuitive Surgical ( NASDAQ: ISRG ) is up 9% in after-hours trading after posting Q1 2023 financial results that beat on the top and bottom lines.
- Net income actually declined ~2% in the quarter to $360.8M compared to the prior-year period ($1.00 EPS diluted vs. $1.00).
- Despite the beats, Intuitive Surgical (ISRg) was hampered a bit in the quarter by rising expenses, which increased ~21% to $725.4M in the quarter compared to Q1 2022.
- The company ended the quarter with cash, cash equivalents, and investments of ~$6.6B, a ~2% decrease from Dec. 31, 2022.
- Read why Seeking Alpha contributor Mike Zaccardi recently issued a buy rating for Intuitive Surgical ( ISRG ).
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Intuitive Surgical jumps 9% after hours on Q1 beats