Investing.com - Intuitive Surgical (NASDAQ:ISRG) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Intuitive Surgical announced earnings per share of $2.69 on revenue of $1.10B. Analysts polled by Investing.com anticipated EPS of $2.68 on revenue of $1.06B. That with comparison to EPS of $2.61 on revenue of $973.7M in the same period a year before.Intuitive Surgical had reported EPS of $3.48 on revenue of $1.28B in the previous quarter.Analysts are expecting EPS of $2.26 and revenue of $1.01B in the upcoming quarter.
Intuitive Surgical shares are down 13% from the beginning of the year and are trading at $509.77 , down-from-52-week-high.They are outperforming the S&P 500 which is down 13.71% year to date.
Intuitive Surgical follows other major Healthcare sector earnings this month
Intuitive Surgical's report follows an earnings beat by J&J on Tuesday, who reported EPS of $2.3 on revenue of $20.69B, compared to forecasts EPS of $1.99 on revenue of $19.86B.
Abbott Labs had beat expectations on Thursday with first quarter EPS of $0.65 on revenue of $7.73B, compared to forecast for EPS of $0.63 on revenue of $7.59B.
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