5 Stocks Catching Investors’ Eyes After Earnings Reports

4. Intuitive Surgical, Inc. (NASDAQ:ISRG)

Number of Hedge Fund Holders: 63

Intuitive Surgical, Inc. (NASDAQ:ISRG) recently announced better-than-expected financial results for the first quarter. However, the company cautioned that the coronavirus resurgences continue to affect its da Vinci procedure volumes. The warning apparently sent Intuitive Surgical shares down to a nearly one-year low on Friday, April 22, 2022.

Global da Vinci procedures for the first quarter increased 19 percent on a year-over-year basis. However, Intuitive Surgical, Inc. (NASDAQ:ISRG) said the coronavirus resurgences once again impacted the results.

For the first quarter, Intuitive Surgical, Inc. (NASDAQ:ISRG) reported adjusted earnings of $1.13 per share, down from $1.17 per share in the same period of 2021. Revenue for the quarter increased 4 percent versus last year to $1.49 billion. The results surpassed the consensus of $1.08 per share for earnings and $1.43 billion for revenue.

Discussing the results, CEO Gary Guthart said:

“Customer demand for our products was healthy in the first quarter despite a challenging global environment. We remain focused on meeting that demand with high quality products and services while advancing our innovation programs.”