Intuitive Surgical Shares Drop Amid Slower Procedure Growth Despite Q2 Earnings Beat
Despite reporting second-quarter earnings and revenue that exceeded Wall Street expectations, Intuitive Surgical (NASDAQ: ISRG) shares fell nearly 11% due to slower US procedure growth. The company attributed the slowdown in procedure growth to deferred treatments and changes in insurance coverage following expired Affordable Care Act subsidies.
Tickers: $ISRG
Topics: procedure growth slowdown Q2 earnings beat robotic surgery share price decline