Quantcast

Intuitive Surgical Earnings: ISRG Stock Down Despite Q2 Profit Beat


Shutterstock photo

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Intuitive Surgical  (NASDAQ: ISRG ) reported its latest quarterly earnings results today, which included a profit that increased year-over-year, yet the business' shares took a step back after an early rally.

Intuitive Surgical Earnings Source: Shutterstock

The Sunnyvale, Calif.-based manufacturer and marketer of robotic items said that for its second quarter of the fiscal year - which ended June 30 - it amassed adjusted earnings of $3.25 per share. This amount was about 18% higher than they were during the same period a year ago.

Intuitive Surgical also brought in a profit that surpassed the Wall Street consensus estimate of $2.85 per share, according to data compiled by  Zacks Investment Research . Sales were higher as well, reaching about $1.1 billion, a 21% gain when stacked up against the same period in its previous fiscal year.

Wall Street saw the business raking in revenue of $1.03 billion in its average guidance. "Our teams remain focused on helping our customers improve outcomes and lower the total cost to treat per patient episode for their patient populations," Intuitive Surgical Gary Guthart said in a written statement.

The business benefited from growth in U.S. general surgery, as well as worldwide urology procedures, which were good for a growth of 17% in the number of procedures that used the da Vinci robotic surgery system.

ISRG stock is down about 0.9% Friday following the company's quarterly earnings results.

More From InvestorPlace

Compare Brokers

The post Intuitive Surgical Earnings: ISRG Stock Down Despite Q2 Profit Beat appeared first on InvestorPlace .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing
Referenced Symbols: ISRG



More from InvestorPlace Media

Subscribe







InvestorPlace Media
Contributor:

InvestorPlace Media

Investing, Financial News












Research Brokers before you trade

Want to trade FX?