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Intuitive Surgical, Inc. (ISRG) reported a successful second quarter on July 18, 2024, with earnings of $1.78 per share, exceeding the Zacks Consensus Estimate by $0.25. This marks the company’s sixth consecutive earnings beat, driven by a 14% increase in revenue to $2.01 billion from $1.76 billion the previous year.
Global da Vinci procedures rose 17% year-over-year, with the company installing 341 systems in Q2 2024, up from 331 a year earlier. The total installed base now stands at 9,203 systems.
Looking ahead, analysts predict double-digit growth for Intuitive Surgical, with a 14% revenue growth forecast for 2024 and 16% for 2025. The Zacks Consensus Estimate for 2024 increased to $6.62 from $6.26.
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