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0 0.000274612110394209 0.000343265137992664 0.000343265137992664 0.000892489358780691 0.000343265137992664 0.000274612110394209 -0.00109844844157625
Stock impact report

Medical device maker Intuitive beats estimates on strong demand for surgical robots [Yahoo! Finance]

Johnson & Johnson (JNJ) 
Last johnson & johnson earnings: 4/14 06:31 am Check Earnings Report
US:NYSE Investor Relations: jnj.com
Company Research Source: Yahoo! Finance
Investor expectations around the performance of medical device makers have been heightened since last November, as people, especially older adults, opted for medical procedures deferred during the pandemic. Intuitive, which makes surgical robots called da Vinci, earned $1.50 per share on an adjusted basis for the quarter ended March 31. Analysts on average estimated $1.41, according to LSEG data. The company's sales rose 11% to $1.89 billion for the quarter, compared with the estimated $1.87 billion. Worldwide, da Vinci procedures grew about 16% compared with the first quarter of 2023. Shares of the California-based company were up more than 3% in trading after the bell. Industry bellwether and rival Johnson & Johnson said on Tuesday it continues to expect medtech-related procedure volumes to remain elevated through 2024, despite missing estimates for its quarterly medical sales. Brokerage Evercore ISI had then said a decline in sales for J&J's surgical devices likely ref Show less Read more
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