Intuitive’s surgical growth is offset in GAAP earnings by litigation charge
Intuitive Surgical ($ISRG) generated quarterly revenue of $3.05 billion, up 22%, as total procedures increased 15%. Da Vinci procedures rose 14% and Ion procedures increased 31%, while system placements reached 546 compared with 427 a year earlier. Adjusted net income was $1.05 billion, or $3.00 per share, versus $867 million and $2.40 previously, reflecting expansion in the underlying business. GAAP net income instead fell to $523 million, or $1.49 per share, after a $450 million pretax charge
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