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Intuitive Surgical dips on slower procedure growth forecast

ReutersJan 24, 2025 10:11 AM

Surgical robot maker Intuitive Surgical's ISRG.O shares fall 3.1% to $590.01 premarket, fourth biggest decliner among S&P 500 components before the bell

ISRG expects the number of procedures using its da Vinci robots to grow between 13-16% in 2025, versus 17% growth in 2024, it said late on Thursday

"While the procedure guidance ... is a step down from recent years, historically ISRG has started conservatively and beaten them," says Evercore ISI analyst Vijay Kumar in a note titled "deciphering the da Vinci code is an art"

ISRG has beaten EPS estimates for eight straight quarters, according to LSEG data

The company also reported an adjusted profit of $2.21 per share in Q4, beating analysts' estimates of $1.79 per share

ISRG shares have been trading at record highs since it pre-reported Q4 revenue on Jan. 15, touching all-time highs in the past 6 straight sessions; stock up ~64% in the past 12 months

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