Shares of Intuitive Surgical (NASDAQ: ISRG) are down more than 7% since the start of January. Investors apparently weren't thrilled with the company's fourth-quarter numbers, which came in Thursday evening, and the stock fell 6.84% on Friday.
The irony is the fourth quarter numbers were fairly positive. It was the first earnings period since the first quarter of 2020 during which the robotic-assisted surgery (RAS) company had better revenue than the year before.
Net revenue in the quarter was a reported $1.3 billion, a rise of 4% year over year, and net income was $365 million, compared to $358 million in the same quarter in 2019.
Source Fool.com