Intuitive Surgical (Nasdaq:ISRG) today announced executive leadership changes as it continues a global expansion effort. The Sunnyvale, California-based leader in surgical robotics promoted Dave Rosa to the role of president. Rosa now leads Intuitive’s product, digital, quality, regulatory, supply chain, manufacturing and commercial teams. “Our efforts over the past 27 years have created great opportunities […]
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Intuitive Surgical highlights supply chain risk, addresses Medtronic’s Hugo launch
Intuitive Surgical executives today said delays and price increases are working their way through the medtech supply chain, likely resulting in higher production costs in the months ahead and the potential for delayed development and regulatory activity. “I don’t think I can say it’s getting better. it’s a difficult situation and will continue for some […]
Intuitive Surgical names new C-suite leaders, reports Street-beating Q3
Intuitive Surgical (NSDQ:ISRG) today announced changes in the ranks of its senior leadership as the surgical robotics maker released Q3 results that exceeded expectations. Sunnyvale, California-based Intuitive launched two new functional organizations — Strategy and Growth, and Global Business Services — and named leaders who will take over effective Jan. 1. Get the full story […]
Intuitive Surgical to invest $500M in Georgia campus
Intuitive Surgical (NASDAQ: ISRG) will spend more than $500 million to expand its Peachtree Corners campus northeast of Atlanta, according to Georgia Gov. Brian P. Kemp’s office. The Sunnyvale, Calif.–based robotic surgery systems company — the dominant player in the space — has had a presence in Georgia for a decade. The plan is to […]
Intuitive Surgical dips despite Street-beating Q2
Intuitive Surgical (NSDQ:ISRG) shares hit a small skid this morning on second-quarter results that topped the consensus forecast. The Sunnyvale, Calif.–based robotic surgery company posted profits of $517.2 million, or $4.25 per share, on sales of $1.5 billion for the three months ended June 30, 2021, multiplying its bottom line by nearly seven times on […]
Intuitive Surgical must face electrified scissors lawsuit
A U.S. appeals court revived a lawsuit alleging that flawed electrical scissors from Intuitive Surgical were used during a hysterectomy. The appeals court panel ruled that a lower court applied the wrong legal standard in dismissing Tamanchia Moore’s lawsuit against Intuitive. Specifically, the district court erred by excluding Moore’s causation expert, according to the ruling […]
Intuitive Surgical up on Street-beating Q1
Intuitive Surgical (NYSE:ISRG) stock rose nearly 10% today, a day after the company reported first-quarter results that handily beat Wall Street expectations. Baird upgraded Intuitive’s stock rating to outperform after the news yesterday evening, according to media reports. The Sunnyvale, Calif.–based robotic surgery company reported profits of $435.2 million, or $3.51 per share, on sales […]
Intuitive Surgical stock down despite Street-beating Q4
Intuitive Surgical (NSDQ:ISRG) shares took a solid hit today despite fourth-quarter results that topped the consensus forecast. Shares of ISRG were down -5.9% at $751.89 per share in mid-afternoon trading today. They had been down -1.1% at $790 per share after hours when the results were released yesterday. The Sunnyvale, Calif.-based robot-assisted surgery technology developer posted […]
Intuitive Surgical launches $100M venture capital fund
Intuitive Surgical (NSDQ:ISRG) announced today that it launched an inaugural $100 million investment fund called Intuitive Ventures. Sunnyvale, Calif.-based Intuitive’s new venture fund is focused on investment opportunities surrounding digital tools, precision diagnostics, focal therapeutics and platform technologies that align with its “commitment to advancing positive outcomes in healthcare,” according to a news release. The investment […]
Intuitive Surgical up on mixed bag Q3
Intuitive Surgical (NSDQ:ISRG) shares ticked slightly up today on third-quarter results that were mixed compared to the consensus forecast. The Sunnyvale, Calif.-based company posted profits of $313.9 million, or $2.60 per share, on sales of $630.6 million for the three months ended Sept. 30, 2020, for a massive bottom-line gain from $68 million in profits this […]
Intuitive Surgical sales down more than a fifth in Q2
Intuitive Surgical (NSDQ:ISRG) posted second-quarter results today that beat Wall Street expectations — but the results still showed how much the COVID-19 pandemic has damaged sales for surgical robotics companies. The Sunnyvale, Calif.-based robot-assisted surgery company — the dominant player in the space — reported profits of $68 million, or $0.57 per diluted share, on sales […]
