Five years ago, Amazon went from dipping its toes in the grocery industry to doing a full-on cannonball by acquiring Whole Foods. Now, the... Read More...
Benzinga
Intuitive Surgical Stock Plunges After Q2 Results Miss Street Expectation
Intuitive Surgical, Inc. (NASDAQ: ISRG) reported second-quarter revenue growth of 4% year-over-year to $1.52 billion, +6% on a constant currency basis, missing the consensus of $1.56 billion. The gross margin contracted by 270 bps to 67.2%. Operating income declined by 22.2% Y/Y to $397.6 million, and margin contracted by 880 bps to 26.1%. Adjusted Gross margin was 69.2%, down 252 bps, and adjusted operating margin was 34.9%, down by 792 bps. Adjusted EPS was $1.14, below the consensus of $1.19.
