Intuitive Surgical Shares Surge After Hours After Company's Earnings Blow Through Estimates

By Ciara LinnaneMarketWatch Pulse

Intuitive Surgical Inc. shares surged 7% in after-hours trade Tuesday, after the maker of robots to assist with surgery blew past estimates for its third quarter. The company said it had net income of $167 million, or $4.40 a share, in the quarter, up from $124 million, or $3.35 a share, in the year-earlier period. Non-GAAP EPS came to $5.24, ahead of the FactSet consensus of $4.23. Revenue rose to $589.7 million from $550 million, also ahead of the FactSet consensus of $579 million. Shares are down 11% in the year so far, while the S&P 500 has lost 1.4%.

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