Intuitive Surgical (NASDAQ:ISRG) reported third quarter earnings that missed analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $2.45 on revenue of $920.9M. Analysts polled by expected EPS of $2.66 on revenue of $916.63M. That compared to EPS of $2.77 on revenue of $806.1M in the same period a year earlier The company had reported EPS of $2.76 on revenue of $909.3M (NYSE:MMM) in the previous quarter.
Intuitive Surgical shares gained 2.05% to trade at $533.00 in after-hours trade following the report.
For the year, Intuitive Surgical shares are up 41.97%, outperforming the S&P 500 which is up 3.17% year to date.
Intuitive Surgical follows other major Healthcare sector earnings this month
On Tuesday, J&J (NYSE:JNJ) reported third quarter EPS of $2.05 on revenue of $20.35B, compared to forecasts of EPS of $2.03 on revenue of $20.04B.
Novartis ADR earnings beat analyst's expectations on Thursday, with third quarter EPS of $1.32 on revenue of $12.78B. analysts expected EPS of $1.31 on revenue of $12.98B
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