Intuitive Surgical’s stock drops as revenue misses Street view

Intuitive Surgical Inc.
ISRG,
-5.60%
shares fell in the extended session Thursday after the surgical robotics company’s quarterly revenue missed Wall Street estimates. Intuitive Surgical shares fell as much as 8% after hours, following a 0.8% rise to close the regular session at $273.45. The company reported third-quarter net income of $415.7 million, or $1.16 a share, compared with $324.7 million, or 90 cents a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were $1.46 a share, compared with $1.19 a share in the year-go period. Revenue rose to $1.74 billion from $1.56 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast $1.42 a share on revenue of $1.77 billion.