Intuitive Surgical shares rally on strong first-quarter earnings
Shares of Intuitive Surgical Inc. rallied in Tuesday's extended session after the medical-devices maker posted strong quarterly results. Intuitive Surgical reported its first-quarter earnings rose to $179.8 million, or $4.67 a share, from $136.4 million, or $3.54 a share, a year earlier. On an adjusted basis, the company would have earned $5.09 a share. Revenue increased to $674.2 million versus $594.5 million a year ago. Analysts surveyed by FactSet had forecast the company to report earnings of $4.97 a share on revenue of $666 million. Intuitive Surgical said it shipped 133 da Vinci robotic surgery systems in the first quarter, up from 110 in the same period last year. Shares gained 3% after hours.
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