Intuitive Surgical Inc. Q2 Profit Increases, Beats Estimates

(RTTNews) - Intuitive Surgical Inc. (ISRG) released a profit for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $526.9 million, or $1.46 per share. This compares with $420.8 million, or $1.18 per share, in last year's second quarter.

Excluding items, Intuitive Surgical Inc. reported adjusted earnings of $641 million or $1.78 per share for the period.

Analysts on average had expected the company to earn $1.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.2% to $2.01 billion from $1.76 billion last year.

Intuitive Surgical Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $526.9 Mln. vs. $420.8 Mln. last year. -EPS (Q2): $1.46 vs. $1.18 last year. -Revenue (Q2): $2.01 Bln vs. $1.76 Bln last year.