Intuitive Surgical Q3 Profit Falls to $522.8 Million Despite 21.7% Revenue Growth

Intuitive Surgical Inc. (ISRG) reported a decline in third-quarter earnings, with net income falling to $522.8 million, or $1.49 per share, from $704.4 million, or $1.95 per share, a year earlier. Excluding items, the company posted adjusted earnings of $1.054 billion, or $3.00 per share. Revenue for the period rose 21.7% to $3.048 billion from $2.505 billion last year, according to the company's GAAP results.