Intuitive Surgical beats quarterly estimates on demand for surgical robots

Intuitive Surgical beats quarterly estimates on demand for surgical robots



Intuitive Surgical on Thursday beat Wall Street ‍estimates for fourth-quarter profit and revenue on growing demand for its ⁠surgical robots used in minimally invasive procedures.

Shares of the Sunnyvale, California-based company rose 3.3% in after-hours trading.

The medical device maker has ‌seen consistent ‌growth as hospitals work through a backlog of deferred procedures and ‌expand access to minimally invasive care.

Intuitive’s da Vinci surgical robots are widely used for a range of procedures including weight-loss surgeries and treatments for digestive, bladder and heart conditions.

The volume of da Vinci procedures ​globally rose about 18% from a year ago ‌in the ‍reported quarter, the company said.

More than 80% ‍of the instruments and accessories for the system ‌are produced at Intuitive’s facility in Mexico. The company also operates in China and other international markets.