Intuitive Surgical jumps 9% after hours on Q1 beats
CharlieAJA


Intuitive Surgical (NASDAQ:ISRG) is up 9% in after-hours trading after posting Q1 2023 financial results that beat on the top and bottom lines.
Net income actually declined ~2% in the quarter to $360.8M compared to the prior-year period ($1.00 EPS diluted vs. $1.00).
Despite the beats, Intuitive Surgical (ISRg) was hampered a bit in the quarter by rising expenses, which increased ~21% to $725.4M in the quarter compared to Q1 2022.
The company ended the quarter with cash, cash equivalents, and investments of ~$6.6B, a ~2% decrease from Dec. 31, 2022.
Read why Seeking Alpha contributor Mike Zaccardi recently issued a buy rating for Intuitive Surgical (ISRG).