Jan 23 (Reuters) - Intuitive Surgical ( ISRG ) beat Wall
Street estimates for fourth-quarter profit on Thursday, driven
by strong demand for its surgical robots used in minimally
invasive procedures.
The medical device maker reported an adjusted profit of
$2.21 per share, beating analysts' estimates of $1.79, according
to data compiled by LSEG.
Companies producing medical devices for surgical procedures
have benefited from a surge in demand in the United States,
especially from older citizens, who deferred non-urgent
procedures during the pandemic.
Intuitive's da Vinci surgical robots are widely used for a
range of procedures, including weight-loss surgeries and
treatments for digestive, bladder and heart conditions.
The volume of global da Vinci procedures rose about 18% from
a year ago in the reported quarter, the company said.
Intuitive now expects worldwide da Vinci-assisted procedures
to increase about 13% to 16% in 2025 compared to 2024.
The Sunnyvale, California-based company reported revenue of
$2.41 billion for the fourth quarter, compared to analysts'
estimates of $2.25 billion.
Shares of the company fell 2.2% to $595.07 in extended
trading.