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Procedure Growth

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business2 years ago

Intuitive Surgical's Stock Dips on Q3 Revenue Miss

Intuitive Surgical, a leading robotic surgery company, reported better-than-expected third-quarter profit but fell short on sales, causing its stock to plummet. While the company saw a 19% growth in the number of procedures using its da Vinci robotic surgery systems, sales missed forecasts. The stock drop comes amid pressure from competitors in the bariatric surgery field and uncertainty in the market.