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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Intuitive Surgical Inc | NASDAQ:ISRG | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -8.28 | -2.13% | 380.37 | 380.00 | 384.45 | 386.01 | 380.125 | 384.93 | 1,107,977 | 21:18:39 |
From May 2023 to May 2024
By Paul Ziobro
Intuitive Surgical posted higher third-quarter profit due to a double-digit increase in procedures using its robotic-surgery system.
The Sunnyvale, Calif.-based company on Thursday reported a profit of $415.7 million , or $1.16 share, compared with a profit of $324 million, or 90 cents a share, in the same quarter last year.
Excluding one-time items, the company reported earnings of $1.46 a share. Analysts recently polled by FactSet expected $1.42 a share.
Revenue rose 12% to $1.74 billion, compared with analyst expectations of $1.77 billion.
Instruments and accessories revenue rose by 23% to $1.07 billion, helped by a 19% increase in procedures using its da Vinci system and higher prices.
The company said its installed base of da Vinci systems stood at 8,285 at the end of the third-quarter, up 13% from a year ago.
Write to Paul Ziobro at paul.ziobro@wsj.com
(END) Dow Jones Newswires
October 19, 2023 16:40 ET (20:40 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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