Intuitive Surgical's 2Q Results: Postgame Scorecard

Intuitive Surgical's (NASDAQ:ISRG) net income increased and topped Wall Street expectations in the second quarter.

Earnings and Revenue The company experienced stronger-than-expected EPS and revenues. The company reported EPS of $3.75 a share versus the $3.52 a share estimate and revenues of $536.5 million versus the $522.9 million estimate. The company's reported EPS came in above the high estimate of 13 analysts of a profit of $3.64.

The company's net income for the quarter rose 31.9% to $154.9 million. Revenue climbed 26% from $425.7 million in the same period last year.

Company Fundamental Trends Last quarter marked the third in a row of rising net income. The company has averaged revenue growth of 26.5% over the past five quarters.

History Against Expectations The company has now topped analyst estimates for at least the last four quarters. It beat by 35 cents in the first quarter, 41 cents in the fourth quarter of the last fiscal year and 29 cents in the third quarter of the last fiscal year.

Official Comment: Commenting on the announcement, Dr. Gary Guthart, President and CEO of Intuitive Surgical, said, "Our solid second quarter revenue and earnings performance is the result of robust US gynecologic and general surgery procedure growth offset by pressure in Europe and US prostatectomy."

Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.