2023-04-19 11:30:41 ET
Shares of Intuitive Surgical (NASDAQ: ISRG) were soaring 12.6% higher as of 10:59 a.m. ET on Wednesday. The big gain came after the robotic surgical systems leader announced its first-quarter results following the market close on Tuesday.
Intuitive Surgical reported Q1 revenue of $1.7 billion, up 14% year over year. The consensus estimate was for revenue of $1.6 billion.
The company posted Q1 earnings of $355 million, or $1 per diluted share, based on generally accepted accounting principles ( GAAP ). This result was down from GAAP earnings of $366 million, or $1 per diluted share, in the prior-year period.
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Why Intuitive Surgical Stock Is Soaring Today