Intuitive Surgical, Inc. (ISRG)

Growing Revenue

Intuitive announced quarterly results on the 20th of October that included revenue of $280 million, up from $236 million last year. Sales generated through the da Vinci systems propelled the company’s growth.

Earnings per share came in at $1.64, well above the $1.45 that analysts were expecting. This was the second earnings surprise in a row.

Estimates Rising

Full-year estimates are on the rise. Since the report 8 of 12 analysts have revised their forecasts. Currently the Zacks Consensus is $5.56, up 20 cents. Next year’s average estimate is $6.84, up 19 cents.

With the newly submitted estimates, earnings growth rates are projected to be 9% this year and another 23% in 2010.

The Chart

Shares of ISRG slipped on the earnings news, but climbed during the next 2 sessions.

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