20.07.2023 22:14:34 - dpa-AFX: Intuitive Surgical Inc. Q2 Profit Increases, beats estimates
SUNNYVALE (dpa-AFX) - Intuitive Surgical Inc. (ISRG) announced a profit for
its second quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $420.8 million, or $1.18 per share. This
compares with $307.8 million, or $0.85 per share, in last year's second quarter.
Excluding items, Intuitive Surgical Inc. reported adjusted earnings of $507.0
million or $1.42 per share for the period.
Analysts on average had expected the company to earn $1.33 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 15.8% to $1.76 billion from $1.52
billion last year.
Intuitive Surgical Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $420.8 Mln. vs. $307.8 Mln. last year.
-EPS (Q2): $1.18 vs. $0.85 last year.
-Analyst Estimate: $1.33
-Revenue (Q2): $1.76 Bln vs. $1.52 Bln last year.
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