Categories AlphaGraphs, Earnings, Health Care
Infographic: Intuitive Surgical (ISRG) Q1 2020 Earnings Results
Intuitive Surgical Inc. (NASDAQ: ISRG) reported higher earnings and revenues for the first quarter of 2020. The results also topped the Street view and the company’s stock gained modestly during Thursday’s after-hours session.
The top-line rose 13% annually to $1.1 billion, mainly reflecting a double-digit increase in the flagship da Vinci procedures. At $2.69 per share, adjusted profit was up 3% year-over-year.
Towards the end of the quarter, operations were impacted by disruptions caused by the pandemic outbreak, reversing the positive momentum seen prior to that. There was a sharp fall in procedure volume and system placements were postponed in the US and Western Europe, where resources were diverted to manage COVID-19.
Shares of Intuitive Surgical closed Thursday’s regular session slightly lower. The stock has lost 15% since the beginning of the year.
Most Popular
BK Earnings: Bank of New York Mellon Q3 2024 earnings climb on higher revenues
The Bank of New York Mellon Corporation (NYSE: BK) on Friday said its adjusted earnings increased in the third quarter of 2024. The financial service provider's assets under management and
BLK Earnings: BlackRock reports better-than-expected Q3 2024 results
Asset management company BlackRock, Inc. (NYSE: BLK) on Friday reported higher revenues and adjusted profit for the third quarter of 2024, which also came in above Wall Street's projections. Third-quarter
JPM Earnings: Key quarterly highlights from JPMorgan’s Q3 2024 financial results
JPMorgan Chase & Co. (NYSE: JPM) reported its third quarter 2024 earnings results today. Reported net revenue increased 7% year-over-year to $42.6 billion. Managed revenue rose 6% to $43.3 billion.
