Intuitive Surgical Posts Lower Q3 Profit

(RTTNews) - Intuitive Surgical, Inc. (ISRG) reported net income for the third quarter of $124 million or $3.35 per share, compared to $157 million or $3.99 per share for the year-ago quarter.

Excluding items, third quarter adjusted net income was $145 million or $3.92 per share, compared to $194 million or $4.94 per share in the prior year quarter.

Revenue for the third quarter rose 10% to $550 million from $499 million a year ago, while adjusted revenue increased 7% to $534 million from $499 million last year.

Analysts polled by Thomson Reuters expected the company to earn $3.80 per share on revenue of $517.81 million for the third quarter. Analyst' estimates typically exclude special items.