Intuitive Surgical stocks sinks after revenue outlook comes up shy of expectations

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Shares of Intuitive Surgical Inc. sank 4.6% toward a two-month low in midday trading Wednesday, after the surgical robotics company provided a revenue...

Shares of Intuitive Surgical Inc.

sank 4.6% toward a two-month low in midday trading Wednesday, after the surgical robotics company provided a revenue outlook that was slightly below expectations, as COVID resurgences impacted procedure volumes in China. The company expects fourth-quarter revenue to rise 7% from a year ago to $1.66 billion, which is shy of the FactSet consensus of $1.69 billion.

sank 4.6% toward a two-month low in midday trading Wednesday, after the surgical robotics company provided a revenue outlook that was slightly below expectations, as COVID resurgences impacted procedure volumes in China. The company expects fourth-quarter revenue to rise 7% from a year ago to $1.66 billion, which is shy of the FactSet consensus of $1.69 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines