Intuitive Surgical (ISRG) experienced a surge in stock prices following the release of their first-quarter sales report. The company reported $1.23 per share in adjusted earnings and $1.7 billion in sales, surpassing analysts’ expectations of $1.20 per share and $1.59 billion in sales. The 26% increase in procedures performed using Intuitive Surgical’s da Vinci robotic surgery system indicates growth in sales of one-time tools and instruments. In the same period last year, the company earned $1.13 per share on $1.49 billion in sales.
Although Intuitive Surgical did not provide a full-year outlook, analysts predict adjusted income of $5.30 per share and $6.9 billion in sales.
