U.S. M2 money supply has done something that no one has witnessed since the Great Depression. Meanwhile, the benchmark S&P 500 is at one of its priciest valuations in history.
Intuitive Surgical (ISRG) shares traded at an all-time high Friday after the maker of robotic medical devices posted better-than-expected second-quarter results on soaring demand for its da Vinci surgical machine.
Intuitive Surgical Inc. ISRG stock is trading higher on Friday after the robotic-assisted surgery company reported second-quarter earnings that were better than expected.
Intuitive Surgical's (ISRG) second-quarter results reflect a healthy demand for procedures. Higher pricing boosts procedure sales.
Automation advancements have been incredible, putting the spotlight on the robotics sector as a whole. Indeed, the rise of artificial intelligence has boosted robotics use in manufacturing, healthcare, and e-commerce.
Intuitive Surgical, Inc. (NASDAQ:ISRG ) Q2 2024 Earnings Conference Call July 18, 2024 4:30 PM ET Company Participants Brian King - Head of IR Gary Guthart - CEO Dave Rosa - President Jamie Samath - CFO Conference Call Participants Larry Biegelsen - Wells Fargo Travis Steed - Bank of America Robbie Marcus - JPMorgan David Roman - Goldman Sachs Rick Wise - Stifel Drew Ranieri - Morgan Stanley Adam Maeder - Piper Sandler Richard Newitter - Truist Securities Operator Thank you everyone for standing by and welcome to the Intuitive Second Quarter 2024 Earnings Release. [Operator Instructions] As a reminder, today's call is being recorded.
While the top- and bottom-line numbers for Intuitive Surgical (ISRG) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Intuitive Surgical, Inc. (ISRG) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.42 per share a year ago.
Intuitive Surgical stock jumped late Thursday after the robotics behemoth smashed Wall Street's second-quarter earnings forecasts.
Intuitive Surgical on Thursday beat estimates for second-quarter profit and revenue on growing demand for its surgical robots used in minimally invasive procedures, sending its shares up 6.7% after the bell.
Investors are optimistic about Intuitive Surgical's (ISRG) strength in robotics.
Intuitive Surgical (NASDAQ: ISRG ) stock is on the move Thursday after the company's shares were given a price target increase by Barclays analysts. Barclays analyst Matt Miksic increased the firm's price target for ISRG stock from $430 per share to $490 per share.