Intuitive Surgical (ISRG) stock broke out Wednesday after the robotic surgery giant crushed Wall Street’s expectations in its preliminary fourth-quarter report.
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During the December quarter, sales surged 25% to $2.41 billion, the company said. That easily beat forecasts for $2.2 billion, according to FactSet.
Part of the beat stemmed from better-than-expected procedure volume. The number of procedures using Intuitive Surgical’s systems climbed 18%, well above calls for 16.9%. More procedures means higher sales of single-use instruments and accessories. Sales of those products jumped 23% to $1.41 billion, topping projections for $1.35 billion.
But the company expects procedures to grow just 13% to 16% in 2025, lagging the 17% growth rate Intuitive Surgical saw in 2024.
In morning trades, Intuitive Surgical stock popped 5% to 565.79. That put shares above a flat base buy point at 556.23 on the weekly chart, according to MarketSurge.
Follow Allison Gatlin on X/Twitter at @IBD_AGatlin.
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