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Intuitive Surgical beats quarterly profit estimates on strength in surgical robots business
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Intuitive Surgical beats quarterly profit estimates on strength in surgical robots business
Jan 23, 2025 2:56 PM

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.

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