By Sabela Ojea

Intuitive Surgical Inc. on Tuesday reported higher-than-expected revenue in the first quarter.

Shares rose 8.8% to $293 in after-hours trading.

The provider of robotic-assisted surgical solutions and invasive care said its profit fell to $355.3 million, or $1 a share, compared with $365.6 million, or $1 a share, for the same period a year earlier.

Revenue climbed 14% to $1.7 billion, driven by growth in its da Vinci procedure volume. Analysts polled by FactSet had forecast revenue of $1.59 billion.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

April 18, 2023 16:56 ET (20:56 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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