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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%