Why Intuitive Surgical Stock Is Skyrocketing Today

Shares of Intuitive Surgical (NASDAQ: ISRG) were skyrocketing 16% higher as of 11 a.m. ET on Wednesday. The big jump came after the robotic surgical systems pioneer announced its third-quarter results following the market close on Tuesday.

Intuitive Surgical reported Q3 revenue of $2.51 billion, up 23% year over year. Analysts expected revenue of $2.4 billion. The company posted adjusted earnings of $867 million, or $2.40 per diluted share, compared to adjusted earnings of $669 million, or $1.84 per diluted share, in the prior-year period. The consensus Wall Street estimate was for adjusted earnings per share of $1.98.

The good news wasn't limited to Q3. Intuitive Surgical now projects that procedure volumes for its flagship da Vinci surgical robots will increase between 17% and 17.5% in full-year 2025. That's up from the company's previous forecast of procedure growth between 15.5% and 17%.

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Source Fool.com