Intuitive Surgical Posts Solid Results, but the Future Is Hazy
Intuitive Surgical (NASDAQ: ISRG) released its first-quarter financial results after the market closed on Thursday. The company reported total revenue of $1.1 million, a 13% increase compared with the prior-year quarter. Intuitive Surgical's da Vinci system continues to make headway. During the quarter, the healthcare company shipped 237 of its signature robotic surgical devices, representing a 1% year-over-year increase.
There are now 5,669 da Vinci systems installed worldwide -- 11% higher than the year-ago period -- and the number of procedures performed with the da Vinci system increased by 10% year over year. Intuitive Surgical reported a net income based on generally accepted accounting principles (GAAP) of $314 million, or $2.62 on a per-share basis. The company's GAAP net income and earnings per share both increased by about 2.3% year over year.
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Source Fool.com
