After robotic surgery, a detectable surgical reserve is destroyed, crushing giant quarter projections
Intuitive surgery (ISRG) shares opened higher Wednesday after the robotic surgery giant beat Wall Street estimates in its preliminary fourth-quarter report.
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Sales rose 25 percent to $2.41 billion in the December quarter, the company said. That easily beat forecasts by $2.2 billion, according to FactSet.
Part of the beat comes from the higher-than-expected rate of progress. The number of procedures using intuitive surgical techniques rose 18 percent, up from 16.9 percent. More processes mean higher sales of single-use devices and accessories. Sales of those products rose 23 percent to $1.41 billion, topping forecasts of $1.35 billion.
But the company It expects procedures to increase from 13% to 16% in 2025, which lags the 17% growth rate of Intuitive Surgery in 2024.
In morning trading, Intuitive Surgery stock rose 5% to 565.79. This placed shares above the flat buy point on the weekly chart at 556.23 Marketing promotion.
Follow Alison Gatlin on X/Twitter @IBD_AGAtlin.
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