Intuitive 1Q Volume Held Steady Despite Slump in Late March
April 08 2020 - 10:09AM
Dow Jones News
By Matt Grossman
Intuitive Surgical Inc.'s surgical-device shipments rose
slightly in the first quarter, but order postponements stacked up
late last month, the company said Wednesday.
Intuitive, a Sunnyvale, Calif., company that makes devices for
robot-assisted surgery, delivered 237 of its da Vinci surgical
systems in the first three months of the year, compared with 235
for the same period in 2019. The company estimated that the number
of da Vinci procedures performed worldwide grew 10% year over
year.
However, procedure volume fell sharply in March as U.S. and
European healthcare systems delayed deliveries, the company said.
Intuitive withdrew its earnings guidance for 2020, citing continued
uncertainty regarding the pandemic.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
April 08, 2020 09:54 ET (13:54 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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