Categories AlphaGraphs, Earnings, Health Care
Intuitive Surgical (ISRG) Q1 adj. profit and revenue increase
Medical device company Intuitive Surgical, Inc. (NASDAQ: ISRG) announced operating results for the first quarter of 2023, reporting higher revenues and adjusted profit.
First-quarter net profit, excluding one-off items, increased 9% from last year to $1.23 per share. Unadjusted profit, meanwhile, declined to $355.3 million from $365.6 million last year. On a per-share basis, unadjusted earnings remained unchanged at $1.00 per share.
The company reported net revenues of $1.70 billion for the first quarter, which is up 14% from the year-ago period. Instruments & Accessories revenues and Services revenues increased in double digits, while Systems revenue remained unchanged.
“Our core business was lifted by positive surgical trends and continued interest in robotic-assisted surgery when compared with other surgical approaches. We continue our focus on increased adoption, pursuit of expanded indications and product launches, excellence in supply and product quality, and increased productivity as we scale our business,” said Gary Guthart, Intuitive’s CEO.
Prior Performance
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion