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Intuitive Surgical Inc. Q1 Profit Decreases, but beats estimates

Intuitive Surgical Inc. (ISRG) revealed earnings for first quarter that decreased from last year but beat the Street estimates.

The company's bottom line came in at $365.6 million, or $1.00 per share. This compares with $426.3 million, or $1.17 per share, in last year's first quarter.

Excluding items, Intuitive Surgical Inc. reported adjusted earnings of $413.1 M or $1.13 per share for the period.

Analysts on average had expected the company to earn $1.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.5% to $1.49 billion from $1.29 billion last year.

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

-Earnings (Q1): $365.6 Mln. vs. $426.3 Mln. last year.
-EPS (Q1): $1.00 vs. $1.17 last year.
-Analyst Estimates: $1.08
-Revenue (Q1): $1.49 Bln vs. $1.29 Bln last year.

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