Intuitive Surgical Earnings Preview: da Vinci Xi Adoption, International Sales In Focus

The spike in quarterly revenue is likely due to higher unit sales of its new da Vinci Xi model and a rise in total procedures. For the full year 2014, the company expects procedure volumes to have grown by 9% y-o-y, driven by a 6% rise in U.S. procedures and a 20% rise in international procedures. However, the higher procedure volumes towards the end of 2014 could not offset the company's lackluster performance in the first half of the year. The company announced in its preliminary 2014 earnings...