Intuitive Surgical dips on slower procedure growth forecast
** 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
Related Articles
Ahead of Berkshire’s Annual Meeting: How Did Buffett Make $20B in a Weak Market?
Tradingkey - As of April 29, Berkshire Hathaway (BRK.A) shares have surged 17.4% year-to-date, beating the broader market by a wide margin. Meanwhile, the S&P 500 has fallen 5.2%, while the Nasdaq Composite saw a maximum drawdown of 9.4%.
Amazon Q1 2025 Earnings Preview: Navigating Tariffs, E-commerce, and Cloud Growth
TradingKey - Amazon is gearing up to unveil its Q1 2025 earnings, and investors are buzzing with anticipation. The market generally expects the company's revenue to be between $151 billion and $155.5 billion, a YoY increase of about 5% to 9%. Operating profit is expected to be between $14 billion....png)
Tesla's 2025 Q1 Earning Report Preview: A Critical Moment of Hope and Challenge
TradingKey - Tesla's 2025 Q1 financial report will be released on April 22. As a leader in the global electric vehicle industry, its performance has attracted much attention from the market.
Bank of Japan Interest Rate Decision Preview: Pause on Rate Hikes Already Priced In, Minimal Market Movement Expected on the Day
On 19 March 2025, the Bank of Japan (BoJ) will announce its March interest rate decision. The market widely expects the central bank to maintain its policy rate unchanged at 0.5%. We align with this consensus forecast.
Can the U.S.-Ukraine Mineral Deal Spark New Opportunities for U.S. Stocks After Continued Decline?
TradingKey - Ukrainian President Volodymyr Zelenskyy sent a letter to President Donald Trump on Wednesday, stating he is ready to work under Trump's "strong leadership" and that it is "time to make things right." He specifically outlined potential content for the first phase of the peace process.