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Intuitive Surgical Drops as ACA Changes, GLP-1s Weigh on Growth

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Intuitive Surgical Drops as ACA Changes, GLP-1s Weigh on Growth Intuitive Surgical shares fell as much as 13% in after-market trading as growth in use of its da Vinci surgical robots slowed to the weakest pace in four years and its guidance for procedure growth was unchanged. The Sunnyvale, California-based company reiterated its full-year forecast for global da Vinci procedure growth at 13.5% to 15.5%, saying in a statement it expects to be closer to the midpoint. The average estimate...

Intuitive Surgical Drops as ACA Changes, GLP-1s Weigh on Growth Intuitive Surgical shares fell as much as 13% in after-market trading as growth in use of its da Vinci surgical robots slowed to the weakest pace in four years and its guidance for procedure growth was unchanged. The Sunnyvale, California-based company reiterated its full-year forecast for global da Vinci procedure growth at 13.5% to 15.5%, saying in a statement it expects to be closer to the midpoint. The average estimate called for 15.3% growth, according to Bloomberg Intelligence.
ACA (ORG) da Vinci (PERSON) Sunnyvale (LOCATION) California (LOCATION) Bloomberg Intelligence (ORG)
Originally published by Bloomberg Markets Read original →