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

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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.

 

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