Intuitive Surgical (ISRG) Q4 Earnings Beat, Procedures Robust

Intuitive Surgical (ISRG) reported fourth-quarter 2023 adjusted earnings per share (EPS) of $1.60, which beat the Zacks Consensus Estimate of $1.47 by 8.8%. The bottom line improved 30% year over year.GAAP EPS in the quarter was $1.69, up 85.7% from the year-ago quarter’s level. The significant increase in GAAP EPS was due to the inclusion of certain income tax benefits worth $67 million and the receipt of certain tax assets worth $92 million in GAAP net income.Revenue DetailsThis currently Zacks Rank #3 (H ...