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Intuitive Surgical da Vinci SP. |

Intuitive Surgical shares are down at this time regardless of This fall monetary earnings that surpassed the consensus forecast. The Sunnyvale, California–based mostly robotic surgical procedure know-how developer additionally reported COVID’s omicron wave is affecting process volumes.

Intuitive posted earnings of $380.6 million, or $1.04 per share, on gross sales of $1.6 billion for the three months ended Dec. 31, 2021. This narrowly elevated its backside line by about $100,000 on gross sales development of 10.5% year-over-year.

Adjusted to exclude one-time objects, earnings per share had been $1.30, 2¢ forward of Wall Avenue, whereas gross sales beat analysts’ projections by roughly 0.8%.

Worldwide procedures carried out with Intuitive’s da Vinci surgical robotic elevated roughly 19% in comparison with the fourth quarter of 2020, as final yr was adversely affected by the COVID-19 pandemic. Intuitive mentioned in a information launch that the resurgence of COVID-19 late within the fourth quarter of 2021 additionally impacted procedures, although.

For full-year 2021, Intuitive earned $1.705 billion, or $4.66 per share, off $5.710 billion in income, representing a 61% bottom-line acquire and 26% top-line development in contrast with 2020.

Intuitive shipped 385 da Vinci Surgical Methods, a rise of 18% in contrast with 326 within the fourth quarter of 2020. It grew its da Vinci Surgical System put in base to six,730 techniques as of December 31, 2021, a rise of 12% in contrast with 5,989 as of the tip of the fourth quarter of 2020.

Intuitive didn’t present monetary steering for 2022. ISRG shares had been down greater than 7% at $276.90 per share in morning buying and selling at this time.

Editor’s Notice: This text was republished from sister publication MassDevice.