Intuitive Surgical Inc. shares. ISRG,
Shares rose in after-hours trading Tuesday after the robotic surgical equipment maker said it expects fourth-quarter sales to exceed Wall Street expectations, helped by a recovery in China. The company reported preliminary fourth-quarter revenue of about $1.93 billion, up 17% and above FactSet expectations of $1.87 billion. Procedures involving da Vinci, its robotic surgical system, jumped 21% from a year earlier, when COVID-19 cases resurfaced in China and affected procedures overall. Shares rose 5.4% after hours. The executives said measures in China had rebounded over the past year as coronavirus cases and hospitalizations declined. In the United States, general surgery procedures led to increased use of da Vinci through 2023, while cancer procedures led to increased use outside the United States, the company said.