SUNNYVALE, Calif. (AP) _ Intuitive Surgical Inc. (ISRG) on Tuesday reported first-quarter earnings of $179.8 million.
The Sunnyvale, California-based company said it had profit of $4.67 per share. Earnings, adjusted for one-time gains and costs, were $5.09 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.90 per share.
The robotic surgery system company posted revenue of $674.2 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $660.6 million.
Intuitive Surgical shares have risen 20 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 5 percent. In the final minutes of trading on Tuesday, shares hit $759.34, a rise of 21 percent in the last 12 months.