Intuitive Surgical's stock drops as revenue misses Street view

Intuitive Surgical Inc. (ISRG) shares fell in the extended session Thursday after the surgical robotics company's quarterly revenue missed Wall Street estimates. Intuitive Surgical shares fell as much as 8% after hours, following a 0.8% rise to close the regular session at $273.45. The company reported third-quarter net income of $415.7 million, or $1.16 a share, compared with $324.7 million, or 90 cents a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were $1.46 a share, compared with $1.19 a share in the year-go period. Revenue rose to $1.74 billion from $1.56 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast $1.42 a share on revenue of $1.77 billion.

-Wallace Witkowski

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10-19-23 1626ET

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