News Update: Intuitive Surgical (NASDAQ:ISRG) Shares Soar on da Vinci Devices

01/22/2010-Shares of Inuitive Surgical (NASDAQ:ISRG) are trading 11.5% higher to $339.56 Friday after the company reported FQ4 EPS of $1.95, beating consensus estimates of $1.53.

Revenue for the quarter rose 40% year-over-year to $323 million, mainly due to growing sales of its da Vinci robotic surgical devices, beating consensus estimates of $278.9 million.

Intuitive expects revenue to grow by 25% in 2010.

"The outlook is quite positive for Intuitive," said Les Funtleyder, analyst for Miller Tabak & Co, "Twenty-five percent revenue growth is nothing to sneeze at."

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