Intuitive Surgical Inc. on Wednesday said it expects to post fourth-quarter revenue that exceeds Wall Street's expectations amid a rebound in surgical procedures.
The Sunnyvale, Calif., provider of robotic-assisted surgical technology said it expects quarterly revenue of about $1.55 billion, up 17% from $1.33 billion a year earlier, when the Covid-19 pandemic caused significant disruptions in procedure volume.
Analysts polled by FactSet, on average, are expecting sales of $1.51 billion for the quarter.
Intuitive said worldwide procedures for its da Vinci surgical systems rose 19% in the fourth quarter, but the company also noted that the Covid-19 resurgence sparked by the Omicron variant weighed on volume later in the quarter.
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