Shares of Intuitive Surgical Inc. dropped more than 10% in the extended session Tuesday after the maker of surgical robotic systems reported fourth-quarter...
Shares of Intuitive Surgical Inc.
dropped more than 10% in the extended session Tuesday after the maker of surgical robotic systems reported fourth-quarter results slightly below Wall Street expectations and said it placed fewer of its devices during the quarter. Intuitive earned $325 million, or 91 cents a share, compared with $381 million, or $1.04 a share, in the fourth quarter of 2021. Adjusted for one-time items, Intuitive Surgical earned $1.23 a share. Revenue rose 7% to $1.66 billion.
dropped more than 10% in the extended session Tuesday after the maker of surgical robotic systems reported fourth-quarter results slightly below Wall Street expectations and said it placed fewer of its devices during the quarter. Intuitive earned $325 million, or 91 cents a share, compared with $381 million, or $1.04 a share, in the fourth quarter of 2021. Adjusted for one-time items, Intuitive Surgical earned $1.23 a share. Revenue rose 7% to $1.66 billion.
resurgence in China “negatively impacted” procedure volumes in the region. disruptions later in the quarter also impacted U.S. and Europe, the company said. Shares of Intuitive Surgical ended the regular trading day up 0.9%.
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