Intuitive Surgical beat Wall Street expectations with its fourth quarter results, but company officials expect a slowdown in sales growth this year for da Vinci surgical robots.
Intuitive Surgical earned $204 million, or $5.13 per share, off $386 million in sales during the three months ended Dec. 31, 2016, the company reported Tuesday evening. The fourth quarter earnings numbers were up from $190 million in profits, or $4.99 per share, and $326 million in revenue during the same period one year before.
Adjusted earnings during the fourth quarter were $6.09 per share, which beat average estimates of analysts polled on Yahoo Finance.