Intuitive Surgical Inc. on Tuesday reported a rise in profit in the first quarter, benefiting from higher revenue in the period.
The company--which develops, manufactures, and markets medical robotic products-- said earnings per share were $3.51, up from $2.62 in the comparable quarter a year ago.
Net income was $426.3 million, compared with $313.5 million a year ago.
Adjusted earnings were $3.52 a share. According to FactSet, analysts were expecting $2.64 a share.
Total revenue rose to $1.29 billion from $1.10 billion.
The company said that worldwide da Vinci procedures grew 16% compared with the first quarter of 2020, and that it shipped 298 of its surgical systems in the period, up from 237 in the prior year period.
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