Intuitive Surgical (ISRG) reported quarterly earnings results on Tuesday, Jul-19-2016. The company said it had a profit of $5.62 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.63. Analysts had a consensus of $4.99. The company posted revenue of $670.10 million in the period, compared to analysts expectations of $642.46 million. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.57 EPS.
Many Wall Street Analysts have commented on Intuitive Surgical. Intuitive Surgical was Downgraded by Goldman to ” Neutral” on Jun 2, 2016.
Intuitive Surgical opened for trading at $672.91 and hit $673.89 on the upside on Monday, eventually ending the session at $670.54, with a gain of 0.02% or 0.16 points. The heightened volatility saw the trading volume jump to 2,61,749 shares. Company has a market cap of $25,521 M.
In a different news, on Jun 3, 2016, Salvatore Brogna (EVP – Product Operations) sold 600 shares at $630.96 per share price. According to the SEC, on May 18, 2016, Curet Myriam (SVP & Chief Medical Officer) sold 530 shares at $629.36 per share price. On May 18, 2016, Lonnie M Smith (director) sold 2,000 shares at $627.23 per share price, according to the Form-4 filing with the securities and exchange commission.
Intuitive Surgical Inc. designs manufactures and markets da Vinci Surgical Systems and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console a patient-side cart and vision system. The da Vinci Surgical System provides its operating surgeons with control range of motion tissue manipulation and three-dimensional (3-D) high-definition (HD) vision. It allows surgeons to work through the small ports enabled by minimally invasive surgery (MIS) procedures. Its da Vinci Surgery utilizes computational robotic and imaging technologies. The Company has four generations of da Vinci Surgical System: the da Vinci Xi Surgical System the da Vinci Si Surgical System the da Vinci S Surgical System and the standard da Vinci Surgical System. The Company focuses on five surgical specialties: urologic surgery gynecologic surgery general surgery cardiothoracic surgery and head and neck surgery.