Intuitive Surgical Slips After Hours Despite Convincing Q3 Beats

Even though Intuitive Surgical (NASDAQ:ISRG) considerably beat analyst estimates for both revenue and profitability for its Q3 of fiscal 2020, it wasn't enough to lift the stock late on Thursday.

The company, a top name in robotic surgical systems, released those figures after market close. They reveal that it booked revenue of just under $1.08 billion, down 4% on a year-over-year basis. Non-GAAP (adjusted) net income came in at $334 million ($2.77 per share) for the period, which was 18% down from the same quarter last year.