Intuitive Surgical posts Street-beating Q2

Shares in Intuitive Surgical (NSDQ:ISRG) have risen in after-hours trading after the robotic surgical platform maker beat expectations on Wall Street with its second quarter results.

The Sunnyvale, Calif.-based company posted profits of $254.6 million, or $2.15 per share, on sales of $909.3 million for the three months ended June 30, for bottom-line growth of 14.2% on sales growth of 19.7% compared with the same period during the previous year.

Adjusted to exclude one-time items, earnings per share were $2.76, well ahead of the $2.50 consensus on Wall Street, where analysts expected to see sales of $877.6 million, which the company also topped.

“We are pleased with our customers’ increased use of da Vinci in the second quarter and the financial results that follow. We remain dedicated to working with our customers to deliver superior programs, while continuing to build on our record of innovation – including the recent clearances of our SP surgical system and 3rd generation stapling platform,” CEO Gary Guthart said in a press release.

Shares in Intuitive Surgical have risen approximately 4% in after-hours trading today, at $542 as of 4:48 p.m. EDT.

Earlier this month, Intuitive Surgical said that the FDA cleared its fully-wristed 60 mm stapler, SureForm 60.

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