The Robot Report

  • Research
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • Grippers / End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors / Sensing Systems
    • Soft Robotics
    • Software / Simulation
  • Development
    • A.I. / Cognition
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Exoskeletons
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Markets
    • Agriculture
    • Defense / Security
    • Healthcare
    • Logistics
    • Manufacturing
    • Mining
  • Investments
  • Resources
    • COVID-19
    • Digital Issues
    • Publications
      • Collaborative Robotics Trends
      • Robotics Business Review
    • RBR50
    • Search Robotics Database
    • Videos
    • Webinars
  • Events
    • RoboBusiness Direct
    • Robotics Summit & Expo
    • Healthcare Robotics Engineering Forum
    • DeviceTalks
    • R&D 100
  • Podcast

Intuitive Surgical Shares up on Prelim Q4, FY2017 Earnings

By Fink Densford | January 10, 2018

Surgical robotics giant Intuitive Surgical (NSDQ:ISRG) shares have risen over 5% today after it posted preliminary earnings for the fourth quarter and full fiscal year 2017 that beat Wall Street analyst consensus.

The Sunnyvale, Calif.-based company said it expects to post sales of $892 million for the fourth quarter, up 18% compared to sales during the same quarter during the previous year.

For the full year, Intuitive said it expects to post sales of $3.1 billion, which are up 16% over the numbers it reported for 2016.

Preliminary fourth quarterly earnings handily topped the $845.5 million consensus on Wall Street. Intuitive also met the $3.1 billion consensus on The Street for its full fiscal year 2017.

The robotic surgical platform maker said that procedures during the fourth quarter were up 17%, and that for the full year a total of 877,000 surgical procedures were performed with its da Vinci system. That’s up 16% from the 753,000 procedures reported the year prior, the company said.

For the coming year, Intuitive Surgical said it expects procedures to grow between 11% and 15%.

“We are pleased with the progress our team made in supporting our customers in 2017. In 2018, we will continue to invest in the new technologies and services that are important to surgeons, patients and hospitals, and core to our mission,” CEO Dr. Gary Guthart said in a press release.

Shares in Intuitive Surgical have risen 6.8% so far today, at $424.50 as of 11:47 a.m. EST.

Last month, Intuitive Surgical said it paid $274 million to Goldman Sachs to close a nearly year-long buyback of its common stock.

Tell Us What You Think! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles Read More >

TransEnterix submits first machine vision system for robotic surgery to the FDA
TransEnterix machine vision system for robotic surgery receives CE Mark
Laser-steering microrobot aims to refine minimally invasive surgery
ABB China hospital
How a hospital in China automates drug dispensing
maxon Fourier Intelligence
maxon building custom drives for rehab robots

Robotics Year in Review

The Robot Report Listing Database

Latest Robotics News

Robot Report Podcast

Teradyne’s acquisition strategy & the future of cobot

The Robot Report Podcast · Teradyne's acquisition strategy & the future of cobots

Sponsored Content

  • Doosan Robotics: Driving Innovation and Growth in Cobots
  • FORT Robotics Podcast: FORT Robotics on how to keep humans safe and in control of robots
  • Pallet Detection Systems Help Automated Forklifts Modernize Warehouse Operations
  • IES Servo Control Gripper
  • How to cut the cost of manufacturing

Tweets by RoboticTips

The Robot Report
  • Collaborative Robotics Trends
  • Field Robotics Forum
  • Healthcare Robotics Engineering Forum
  • RoboBusiness Event
  • Robotics Business Review
  • Robotics Summit & Expo
  • About The Robot Report
  • Subscribe
  • Advertising
  • Contact Us

Copyright © 2021 WTWH Media, LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media. Site Map | Privacy Policy | RSS

Search The Robot Report

  • Research
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • Grippers / End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors / Sensing Systems
    • Soft Robotics
    • Software / Simulation
  • Development
    • A.I. / Cognition
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Exoskeletons
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Markets
    • Agriculture
    • Defense / Security
    • Healthcare
    • Logistics
    • Manufacturing
    • Mining
  • Investments
  • Resources
    • COVID-19
    • Digital Issues
    • Publications
      • Collaborative Robotics Trends
      • Robotics Business Review
    • RBR50
    • Search Robotics Database
    • Videos
    • Webinars
  • Events
    • RoboBusiness Direct
    • Robotics Summit & Expo
    • Healthcare Robotics Engineering Forum
    • DeviceTalks
    • R&D 100
  • Podcast