Intuitive Surgical posts higher sales in preliminary Q4, full-year 2017 results

Intuitive Surgical reported preliminary financial results Wednesday indicating that sales rose approximately 18 percent in the fourth quarter to $892 million, ahead of analyst estimates of $845 million. The company, which is scheduled to present its results on January 25, said revenue for the full year is projected to be up roughly 16 percent to $3.1 billion, in line with consensus. 

CEO Gary Guthart remarked that "in 2018, we will continue to invest in the new technologies and services that are important to surgeons, patients and hospitals, and core to our mission."

In other preliminary results, systems sales in the fourth quarter rose about 15 percent year-over-year to $910 million, with 20-percent growth reported for da Vinci surgical systems, which generated around $283 million. Intuitive Surgical noted that 216 da Vinci surgical systems were shipped during the quarter, compared with 163 in the corresponding 2016 period. Meanwhile, quarterly revenue from instruments and accessories increased around 18 percent versus the year-ago period to $457 million, beating analyst estimates of $441 million. 

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