Intuitive Surgical's Stock Plummets on Earnings Disappointment
Intuitive Surgical reported better-than-expected sales and profit for the second quarter, but its stock fell as the number of installed da Vinci robotic surgery systems fell short of forecasts. The company's installed base increased by 12.5% to 8,042 globally, missing expectations of 8,203. Despite this, sales rose 15% to $1.76 billion, beating predictions, and adjusted profit increased by nearly 25% to $1.42 per share. Procedures using the da Vinci systems increased by 22%, contributing to strong sales of instruments and accessories.
