ADVFN - Advanced Financial Network.
HOME» NASDAQ » N » NDAQ Stock Price » NDAQ Stock News

Nasdaq Stock Market Share News

 The Nasdaq Omx Grp. (mm) Stock Price
NDAQ Stock Price
 The Nasdaq Omx Grp. (mm) Stock Chart
NDAQ Stock Chart
 The Nasdaq Omx Grp. (mm) Stock News
NDAQ Stock News
 The Nasdaq Omx Grp. (mm) Company Information
NDAQ Company Information
 The Nasdaq Omx Grp. (mm) Stock Trades
NDAQ Stock Trades

Intuitive Surgical Profit Falls 5% -- Update

By Joseph Walker and Tess Stynes Intuitive Surgical Inc. declined to estimate its expectations for sales in 2014, citing "limited visibility" into how the federal health-care overhaul will affect its business this year. The decision to not issue sales guidance followed on what Chief Executive Gary Guthart called a "challenging year" in 2013, during which sales of the company's hallmark da Vinci surgical robots declined for the first time and the company's share price fell by 22%. The Sunnyvale, Calif., company said it expected the number of procedures performed with its robots to grow 9% to 12% this year, compared with a 16% increase in 2013. The company said it expects it will sell fewer of the da Vinci robots in 2014 than last year. Shares of Intuitive Surgical fell 4.4% to $419.33 in after-hours Nasdaq trading on Thursday. Intuitive's formal presentation of its fourth-quarter results Thursday followed its initial disclosure of the results last week at the JP Morgan Healthcare Conference. In the fourth quarter of 2013, earnings fell 5% on lower sales of the company's da Vinci robotic surgical systems. Intuitive Surgical reported a net profit of $166.2 million, or $4.28 a share, compared with $174.9 million, or $4.25 a share, a year earlier. Analysts polled by Thomson Reuters expected per-share profit of $3.83. Revenue in the fourth quarter decreased 5.4% to $576.2 million, matching the company's recent estimates. Sales of the da Vinci systems fell 23% to $204.6 million as the number of systems sold dropped to 138 from 175 a year earlier. The company has continued to face challenges from customer concerns about the safety and cost effectiveness of its da Vinci robots, in addition to slower growth in gynecology procedures and lower hospital spending related to the U.S. health-care policy overhaul. "Trends that emerged in the second quarter of 2013 continued through the balance of the year, including revenue uncertainties for United States customers due to pressure on gynecologic surgery broadly, the implementation of the Affordable Care Act, and confusion surrounding the public debate regarding some da Vinci procedures," Mr. Guthart said. Sales of instruments and accessories increased 5.7% to $268.2 million, mostly owing to the 12% growth in procedures on machines that da Vinci already has sold. Write to Joseph Walker at joseph.walker@wsj.com and Tess Stynes at tess.stynes@wsj.com Order free Annual Report for Intuitive Surgical, Inc. Visit http://djnweurope.ar.wilink.com/?ticker=US46120E6023 or call +44 (0)208 391 6028 Order free Annual Report for The NASDAQ OMX Group, Inc. Visit http://djnweurope.ar.wilink.com/?ticker=US6311031081 or call +44 (0)208 391 6028 Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Nasdaq Stock Market (NDAQ)
DateTimeHeadline
06/30/201508:01:18Nasdaq's BWise Launches Sarbanes-Oxley Software Solution for...
06/30/201500:20:13Cheil Industries Promises Better Dividends if Merger Approved
06/29/201507:01:13Nasdaq Launches Index Calculation System for Marketplaces
06/26/201517:59:01Nasdaq Closing Cross Calculates U.S. Russell Indexes for the...
06/24/201516:34:07U.S. Stocks Fall on Greece Worries
06/24/201515:20:06U.S. Stocks Fall on Greece Worries
06/24/201515:16:17U.S. Stocks Fall on Greece Worries
06/24/201509:01:28Nasdaq and Chain to Partner on Blockchain Technology Initiative
06/24/201509:00:03U.S. Stock Futures Fall
06/24/201509:00:00Nasdaq Migrates Disaster Recovery to Equinix's Chicago Data Center
06/23/201509:30:07U.S. Stock Futures Rise
06/23/201509:02:21Nasdaq Lists Two New ProShares ETFs
06/22/201503:36:34PSE Announces Successful First Day Trading Under PSEtrade XTS
06/19/201510:45:33Nasdaq Appoints Stacie Swanstrom to Lead Global Corporate Solutions...
06/19/201509:00:03U.S. Stock Futures Edge Higher
06/18/201516:11:25Statement of Changes in Beneficial Ownership (4)
06/16/201516:04:04Statement of Changes in Beneficial Ownership (4)
06/16/201516:03:38Statement of Changes in Beneficial Ownership (4)
06/12/201508:50:06U.S. Stock Futures Fall
06/10/201513:11:47Why Vimicro International Corporation Stock Fell 12% Today

Nasdaq Stock Market and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad