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Why Intuitive Surgical Stock Just Dropped

·2 min read
Why Intuitive Surgical Stock Just Dropped
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Shares of Intuitive Surgical (NASDAQ: ISRG) stock slumped in Friday trading, down 7.2% as of 1:15 p.m. ET, despite the robotic surgery specialist having edged out consensus targets for both sales and earnings in its report last night. Heading into the fourth quarter of 2021, analysts had forecast that Intuitive Surgical would earn $1.28 per share on sales of $1.52 billion. In Q4, Intuitive Surgical grew its "installed base" of da Vinci Surgical Systems by 12% year over year -- that's 6,730 systems out there in the market right now, generating recurring revenue from consumables and maintenance services for Intuitive.