Intuitive Surgical Inc. (ISRG) reported a notable increase in profit for the second quarter, surpassing analysts' expectations.
The company reported earnings of $526.9 million, or $1.46 per share, compared to $420.8 million, or $1.18 per share, in the same quarter last year.
Excluding special items, Intuitive Surgical's adjusted earnings were $641 million, or $1.78 per share, for the period.
Analysts, on average, had projected earnings of $1.54 per share, based on data from Thomson Reuters. These estimates generally exclude one-time items.
Revenue for the quarter saw a 14.2% increase, reaching $2.01 billion compared to $1.76 billion in the previous year.
Key financial metrics for Intuitive Surgical Inc. (GAAP):
- Earnings (Q2): $526.9 million vs. $420.8 million last year.
- EPS (Q2): $1.46 vs. $1.18 last year.
- Revenue (Q2): $2.01 billion vs. $1.76 billion last year.
