Intuitive Surgical posted higher third-quarter profit due to a double-digit increase in procedures using its robotic-surgery system.
The Sunnyvale, Calif.-based company on Thursday reported a profit of $415.7 million , or $1.16 share, compared with a profit of $324 million, or 90 cents a share, in the same quarter last year.
Excluding one-time items, the company reported earnings of $1.46 a share. Analysts recently polled by FactSet expected $1.42 a share.
Revenue rose 12% to $1.74 billion, compared with analyst expectations of $1.77 billion.
Instruments and accessories revenue rose by 23% to $1.07 billion, helped by a 19% increase in procedures using its da Vinci system and higher prices.
The company said its installed base of da Vinci systems stood at 8,285 at the end of the third-quarter, up 13% from a year ago.