Intuitive Surgical Inc. (ISRG) has announced an impressive surge in its fourth-quarter earnings compared to the same period the previous year, surpassing Wall Street predictions.
The company reported a net income of $685.7 million, translating to earnings per share (EPS) of $1.88. This marks an increase from the previous year's earnings of $606.2 million, or $1.69 per share.
When accounting for certain adjustments, Intuitive Surgical disclosed adjusted earnings of $804.7 million, or $2.21 per share for this quarter.
Market analysts had projected earnings of $1.79 per share on average, a figure typically excluding exceptional items.
The company experienced a significant revenue increase of 23.4% to $1.411 billion, up from $1.143 billion in the prior year.
Snapshot of Intuitive Surgical Inc.'s Financial Performance (GAAP):
- Net Income: $685.7 million compared to $606.2 million last year.
- Earnings Per Share (EPS): $1.88 as opposed to $1.69 in the previous year.
- Revenue: $1.411 billion, increasing from $1.143 billion the year before.
The material has been provided by InstaForex Company - www.instaforex.com
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