Intuitive announces second quarter earnings

Intuitive announces second quarter earnings.q2 non-gaap earnings per share $1.11.q2 gaap earnings per share $0.57.q2 revenue fell 22 percent to $852 million.qtrly worldwide da vinci procedures decreased approximately 19%.ended q2 of 2020 with $6.1 billion in cash, cash equivalents, and investments.intuitive surgical - during first six months of 2020 experienced a significant decline in procedure volume & postponements of system placements.qtrly worldwide da vinci procedures decreased approximately 19% compared with q2 of 2019.introduced "extended use program" under which co plans to introduce select xi/x instruments possessing 12 to 18 uses.shipped 178 da vinci surgical systems in quarter, down 35%."extended use program" will begin in q4 of 2020.intuitive surgical - will lower price of certain instruments that are most commonly used in lower acuity procedures in q4.q2 earnings per share view $0.43, revenue view $673.8 million -- refinitiv ibes data.
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