Intuitive Surgical guides Q4 rev above consensus; sees da vinci procedures up 9-12% in 2016 after growing 14% in 2015 :
Company expects revenue for Q4 of ~$677 mln vs. the $649.2 mln consensus, an increase of ~12% YoY.
- Preliminary fourth quarter 2015 instrument and accessory revenue increased ~16% to ~$326 million compared with $281 million for the fourth quarter of 2014. Preliminary fourth quarter 2015 da Vinci Surgical Systems revenue increased ~8% to ~$231 million from $214 million for the fourth quarter of 2014. Preliminary fourth quarter 2015 service revenue of $120 million increased ~9% compared with $110 million in the fourth quarter of 2014.
- da Vinci procedures increased ~15% YoY in Q4.
The Company expects total da Vinci procedures to grow ~9% to 12% in 2016.
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