Intuitive Surgical Soars as Earnings Blow Past Expectations

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Intuitive Surgical Soars as Earnings Blow Past Expectations

Intuitive Surgical Soars as Earnings Blow Past Expectations
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Intuitive Surgical Soars as Earnings Blow Past Expectations

by TheStreet 0:53 mins

Shares of Intuitive Surgical soared on Wednesday making it TheStreet's Move of the Day. The maker of da Vinci Surgical Systems reported earnings of $3.73 a share, crushing analysts' expectations for the company to profit $2.82 a share, after shipping nine more of its systems than the prior quarter and said it will be transitioning its business to a direct market in Japan. CEO Gary Guthart said in a statement: "We launched our newest platform, the da Vinci Xi Surgical System and the market reception for it has been very positive. Also during the quarter, we strengthened our direct presence in both Japan and Europe." TheStreet's Joe Deaux reports from New York.

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