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Intuitive Surgical beat earnings estimates with $2.51B revenue and $2.40 EPS, but insiders sold $63.5M in stock.
Intuitive Surgical reported strong third-quarter earnings with $2.51 billion in revenue and $2.40 EPS, surpassing estimates, driven by a 22.9% year-over-year revenue increase.
The company’s stock rose to $575.40, with a market cap of $206.27 billion and a P/E ratio of 76.11.
Despite positive results, insiders sold 114,007 shares worth about $63.5 million, including significant sales by CEO David J. Rosa and EVP Gary S. Guthart.
Kieckhefer Group LLC increased its stake by 34.1% to 14,540 shares, now valued at $6.5 million.
Analysts maintain a “Moderate Buy” rating with a $611.08 target.
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Intuitive Surgical superó las estimaciones de ganancias con $2.51B de ingresos y $2.40 EPS, pero los insiders vendieron $63.5M en acciones.