Tuesday 16 October 2012

Intuitive Surgical says procedure growth below estimate

(Reuters) - Intuitive Surgical Inc on Tuesday reported 22 percent growth in procedures using its da Vinci surgical robots in the third quarter that it said was below its estimate, and it lowered its full-year forecast. Intuitive's shares dropped more than 4 percent. The company said it now expects 2012 procedure growth of 24 percent, down from its prior view of 25 percent to 27 percent. The company said the slower growth was due to spending constraints in Europe and a slowdown in U.S. prostate surgeries, and it reiterated that it sees those trends persisting through the year. ... via Health News Headlines - Yahoo! News Read More Here..

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