Intuitive Surgical Shares Fall After Q1 Earnings Miss

Intuitive Surgical, Inc. (NASDAQ:ISRG) shares are down after reporting a first-quarter earnings miss.

Earnings came in at $2.61, missing estimates by 9 cents. Sales came in at $974 million, beating estimates by $160,000.

Highlights

• 235 da Vinci surgical systems shipped, up 27 percent year over year
• Installed base grew 13 percent year over year
• Revenue up 15 percent year over year

Intuitive Surgical's was down 7.6 percent at $488 per share in Thursday's after-hours session

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Photo credit: Intuitive Surgical, Inc. (©[2016], via Wikimedia Commons