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UPDATE 2-Intuitive Surgical sees thinner profit margins in 2018, shares fall [Reuters]

INTUITIVE SURGICAL (ISRG)  More Company Research Source: Reuters
Last intuitive surgical earnings: 4/17 04:05 pm Check Earnings Report
PDF Intuitive Surgical sees thinner profit margins in 2018, shares fall | Reuters 3 Min Read (Reuters) - Intuitive Surgical Inc ( ISRG.O ) said on Thursday it would continue to spend heavily on research and development in 2018, seeking to fend off competition and maintain its dominance in the surgical robotic systems market. Company executives also forecast profit margins for 2018 below 2017 levels on a call with analysts after Intuitive reported better-than-expected earnings for the fourth quarter. Sunnyvale, California-based Intuitive’s shares, which hit a record high earlier in the day, fell 3 percent in after-hours trading. Excluding a $318 million tax expense, Intuitive reported earnings of $2.54 per share. The result exceeded analysts’ average estimate by 30 cents, according to Thomson Reuters I/B/E/S. But investors, who sent the company’s stock up 73 percent last year and 23 percent in 2018, may have been expecting a bigger earnings outperformance, said Brandon Henry, an analyst [Read more]

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