Intuitive Surgical (ISRG.US) jumps over 8% as Q3 earnings beat expectations

Intuitive Surgical (ISRG.US) shares opened higher on Friday and hit a record high above $500, up over 8% at the time of writing to $512.21. The robotic surgical company reported third-quarter revenue of $2.04 billion, topping consensus estimates of $2 billion, and revenue grew 17% year-over-year. According to Bloomberg, the company reported adjusted EPS of $1.84 in the third quarter, topping analyst estimates of $1.63. Global da Vinci procedures grew about 18% year-over-year. The company said it placed 379 da Vinci surgical systems in the quarter, up from 312 in the year-ago quarter; 110 of the systems placed were Intuitive Surgical's da Vinci5 system. "We are pleased with the strong performance of the core metrics of our business this quarter and the adoption of da Vinci5 by our customers," Intuitive Surgical's CEO Gary Guthart said. "We remain focused on achieving our goals with our customers, with a focus on improving patient outcomes."