Intuitive Surgical Hits All-time High After Strong Q2
Intuitive Surgical Hits All-time High After Strong Q2
Intuitive Surgical Hits All-time High After Strong Q2
News summary

Intuitive Surgical achieved record-high shares following outstanding second-quarter results driven by robust demand for its da Vinci surgical systems. The company reported adjusted earnings per share of $1.78, surpassing expectations, with revenue reaching $2.01 billion, a 14.5% increase. Global procedures with the da Vinci system rose by 17%, and system placements grew by 341 in medical facilities. Despite challenges like supply constraints, Intuitive Surgical demonstrated strong performance, with a notable increase in da Vinci 5 system placements and a positive outlook for FY24. The medical device sector, including companies like Johnson & Johnson and Abbott Laboratories, is experiencing heightened investor interest due to the resurgence in surgical procedures post-pandemic.

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Intuitive Surgical Results Beat on Growing Demand for Surgical Robots
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Intuitive Surgical results beat on growing demand for surgical robots
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Story Coverage
Intuitive Surgical Results Beat on Growing Demand for Surgical Robots
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Reuters
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Intuitive Surgical results beat on growing demand for surgical robots

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