Robotic surgical instruments innovator Intuitive Surgical (ISRG) on Tuesday guided fourth-quarter revenue expectations to $1.93 billion, vs. consensus views for $1.87 billion.

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ISRG stock rose more than 5% in Wednesday’s premarket trade, pacing the early action on the Nasdaq and S&P 500 indexes. Intuitive shares ended Tuesday’s session in a buy range above a 318.26 buy point in a cup-with-handle base.

Wednesday’s early action, if it holds through the open, would put shares beyond the buy range — which extends to 334.17. Wednesday’s early move also appeared set to clear the recent high of 340.49. Aggressive investors could potentially use that mark as an opportunity to add to existing positions.

The Sunnyvale, Calif.-based company reported late Tuesday procedures using its da Vinci instruments increased 22% in 2023. The company statement pointed to an increase of between 13% and 16% for 2024. It also noted that resurgences of Covid-19 cases had cut into procedure volumes in China during the early portion of the year.

The company said it put in place 415 da Vinci surgical systems during the fourth quarter of 2023, a 12% increase over the fourth quarter of 2022. About half of those were placed under operating leases, with 109 of those units under usage-based leases. That is up from 70 units under usage-based leases in Q4 of 2022.

Intuitive is scheduled to participate in the JPMorgan Healthcare Conference in San Francisco Wednesday morning. The company plans to report its fourth-quarter results on Jan. 23.

ISRG stock gained 27% in 2023.