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.