: Intuitive Surgical stock rallies after earnings beat

Intuitive Surgical Inc. ISRG shares surged Tuesday after the surgical robotics company’s quarterly results topped Wall Street estimates. Intuitive Surgical shares rose more than 9% after hours, following a 0.2% rise to close the regular session at $269.28. The company reported first-quarter net income of $355.3 million, or 90 cents a share, compared with $385.6 million, or $1.04 a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were $1.23 a share, compared with $1.13 a share in the year-go period. Revenue rose to $1.7 billion from $1.49 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast $1.20 a share on revenue of $1.59 billion.

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