Intuitive Surgical (NSDQ:ISRG) today reported better-than-expected earnings and revenue for its second quarter amid 24% year-over-year growth in shipments of da Vinci surgical systems.
The dominant robot-assisted surgery company reported profits of $318.3 million, or $2.67 per share, on sales of $1.10 billion for the three months ended June 30, 2019, for a bottom-line gain of 24.7% and sales growth of 20.9% compared with Q2 2018.
Adjusted to exclude one-time items, earnings per share were $3.25, 38 cents ahead of The Street, where analysts were looking for sales of $1.03 billion.
Intuitive CEO Gary Guthart described the results as solid.
“Our teams remain focused on helping our customers improve outcomes and lower the total cost to treat per patient episode for their patient populations. By integrating human understanding, smart systems, imaging, instruments, and actionable insights, we aim to build solutions that help advance surgical care,” Guthart said in a news release that came out aftermarket.
