Number of the Day - Intuitive announces First Quarter Earnings

 

For the first time ever, Intuitive's market capitalization exceeds $100bn. 

ISRG : Intuitive Surgical EPS beats by $0.89, beats on revenue:

• Worldwide da Vinci procedures grew approximately 16% compared with the first quarter of 2020.
• The Company shipped 298 da Vinci Surgical Systems, an increase of 26% compared with 237 in the first quarter of 2020.
• The Company grew its da Vinci Surgical System installed base to 6,142 systems as of March 31, 2021, an increase of 8% compared with 5,669 as of the end of the first quarter of 2020.
• First quarter 2021 revenue of $1.29 billion increased 18% compared with $1.10 billion in the first quarter of 2020.
• First quarter 2021 GAAP net income was $426 million, or $3.51 per diluted share, compared with $314 million, or $2.62 per diluted share, in the first quarter of 2020.
• First quarter 2021 non-GAAP* net income was $427 million, or $3.52 per diluted share, compared with $323 million, or $2.69 per diluted share, in the first quarter of 2020.

Simply Waal Street analysis of ISRG

Yahoo!finanace: be wary of Intuitive Surgical and its Returns On Capital