From TokenPost · · 50s
Intuitive Surgical Shares Drop After Antitrust Settlement
Intuitive Surgical shares fell 8% premarket after antitrust settlement charge.
In brief
Intuitive Surgical shares fell 8% premarket after antitrust settlement charge. Intuitive Surgical shares dropped 8% in premarket trading following a $450 million antitrust settlement charge that cut profits despite strong third-quarter sales. Originally reported by TokenPost.
Intuitive Surgical Shares Fall
Intuitive Surgical shares fell about 8% in premarket trading Wednesday, Oct. 21, after a $450 million antitrust settlement charge cut profit despite stronger-than-expected third-quarter sales and adjusted earnings.
Third Quarter Results
Revenue rose 22% from a year earlier to $3.05 billion, exceeding the $2.91 billion analyst forecast. Adjusted earnings were $3.00 per diluted share, above the $2.65 estimate.
Settlement Impact
Under GAAP, net income fell to $523 million, or $1.49 per diluted share, from $704 million, or $1.95 per share, a year earlier.
At a glance
Intuitive Surgical shares dropped 8% in premarket trading following a $450 million antitrust settlement charge that cut profits despite strong third-quarter sales.
