(RTTNews) - Intuitive Surgical, Inc. (ISRG) reported third-quarter net income of $156.8 million or $3.99 per share, compared to $183.3 million or $4.46 per share, last year.
On average, 19 analysts polled by Thomson Reuters expected the company to report per share of $3.40 for the quarter. Analysts' estimates typically exclude special items.
Revenue decreased to $499.0 million, from $537.8 million, a year ago. Analysts expected revenue of $525.99 million for the quarter.
Gary Guthart, President and CEO of Intuitive Surgical, said, "Our third quarter results were impacted by the same pressures we faced in the first half of the year - namely, moderating growth in benign gynecology, combined with changing hospital capital spending priorities associated with the implementation of the Affordable Care Act."