On Oct. 26, Intuitive Surgical
- Revenues exceeded analyst estimates by 9.2% while EPS exceeded the estimates by $0.04.
- Revenues increased 57.4% because of increased sales across all segments.
- EPS declined 18.2% because of falling margins and higher taxes paid.
- Operating margin declined 772 basis points because of increases in SG&A and R&D.
- Cash, cash equivalents, and investments increased 54.3%.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$87,767 |
$95.8 |
$60.9 |
57.4% |
|
Net Profit |
-- |
$17.3 |
$20.7 |
(16.7%) |
|
EPS |
$0.41 |
$0.45 |
$0.55 |
(18.2%) |
|
Diluted Shares |
-- |
38.2 |
38.0 |
0.5% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
64.94% |
69.19% |
(4.25) |
|
Operating Margin |
26.79% |
34.51% |
(7.72) |
|
Net Margin |
18.01% |
34.04% |
(16.03) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$292.3 |
$189.4 |
54.3% |
|
Accounts Rec. |
$71.7 |
$43.8 |
63.7% |
|
Inventory |
$22.3 |
$12.2 |
82.8% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$36.2 |
$7.5 |
382.7% |
|
Long-Term Debt |
$0 |
$0 |
0% |
Learn the ways of the balance sheet.
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