Intuitive Surgical Inc. (ISRG) reported a significant increase in its third-quarter profit compared to the same period last year, surpassing analyst expectations. For this quarter, the company achieved a net income of $565.1 million, equating to earnings of $1.56 per share. This marks an improvement from the previous year's third-quarter figures of $419.8 million, or $1.16 per share.
When excluding certain items, the adjusted earnings for Intuitive Surgical reached $669 million, or $1.84 per share. Analysts, on average, had anticipated earnings of $1.63 per share, as summarized by Thomson Reuters, which typically omits special items in its forecasts.
The company's quarterly revenue saw a notable increase of 16.9%, rising to $2.038 billion from the previous year's $1.744 billion.
Intuitive Surgical Inc.'s third-quarter earnings in summary (GAAP):
- Earnings (Q3): $565.1 million, up from last year's $419.8 million.
- Earnings Per Share (Q3): $1.56, an increase from the prior year's $1.16.
- Revenue (Q3): $2.038 billion, compared to $1.744 billion last year.
