Business
Visual surgery stocks drop 10%, COVID resurgence dents sales
Shares of Intuitive Surgical Inc. ISRG fell more than 10% in extended trading on Tuesday after the surgical robotics system maker reported fourth-quarter results that fell slightly below Wall Street expectations and said it had placed fewer equipment. more than in the quarter. Intuitive earned $325 million, or 91 cents a share, compared with $381 million, or $1.04 a share, in the fourth quarter of 2021. Adjusted for one-time items, Intuitive Surgical earned $1.23 a share. Revenue rose 7% to $1.66 billion. The FactSet consensus calls for adjusted earnings of $1.25 a share on revenue of $1.67 billion. The company says it can…