Intuitive Surgical Inc achieves higher net income of USD183m for Q3
Oct 17, 2012 (Menafn - M2 EQUITYBITES via COMTEX) --Surgical robotics company Intuitive Surgical Inc (nasdaqgs:ISRG) stated on Tuesday its net income of USD183m, USD4.46 per diluted share, for the third quarter of 2012.
This reflects an escalation when compared with net income of USD122m, USD3.05 per diluted share, for the third quarter of 2011. The net income includes an one-time tax benefit of approximately USD38m, comprising of reserve reversals associated with the lapse of statutes of limitations.
For the third quarter of 2012, the company generated revenue of USD538m, an improvement of about 20% when compared with revenue of USD447m for the third quarter of 2011.
The company added that the third quarter of 2012 revenue growth was driven by continued adoption of da Vinci surgery procedures and higher da Vinci Surgical System sales.
Comments on this story may be sent to email@example.com
(C)1994-2012 M2 COMMUNICATIONS http://www.m2.com