Intuitive Surgical Stock Is Sliding After Hours: What's Going On?
Portfolio Pulse from Adam Eckert
Intuitive Surgical Inc's Q2 results beat estimates with revenue of $1.756 billion and EPS of $1.42. The company reported a 22% YoY increase in worldwide da Vinci procedures and an increase in da Vinci surgical systems placements. However, the company's shares are trading lower due to concerns over the impact of COVID-19 resurgences on procedure volumes.
July 20, 2023 | 8:22 pm
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Intuitive Surgical's Q2 results exceeded expectations, but the stock is trading lower due to concerns about the impact of COVID-19 on procedure volumes.
Intuitive Surgical reported strong Q2 results, beating estimates on both revenue and EPS. The company also reported a YoY increase in da Vinci procedures and placements. However, the company's stock is trading lower due to concerns about the impact of COVID-19 resurgences on procedure volumes. This suggests that investors are worried about the potential impact of the pandemic on the company's future performance.
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