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Intuitive Surgical Inc. Q4 Profit Decreases, misses estimates

Intuitive Surgical Inc. (ISRG) revealed earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line totaled $324.9 million, or $0.91 per share. This compares with $380.6 million, or $1.04 per share, in last year's fourth quarter.

Excluding items, Intuitive Surgical Inc. reported adjusted earnings of $438.7 million or $1.23 per share for the period.

Analysts on average had expected the company to earn $1.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.1% to $1.66 billion from $1.55 billion last year.

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

-Earnings (Q4): $324.9 Mln. vs. $380.6 Mln. last year.
-EPS (Q4): $0.91 vs. $1.04 last year.
-Analyst Estimates: $1.25
-Revenue (Q4): $1.66 Bln vs. $1.55 Bln last year.

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