By Adriano Marchese

 

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.

Intuitive Surgical shares rose 3% to $836 in after-hours trading.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

April 20, 2021 16:34 ET (20:34 GMT)

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