Intuitive Surgical Declines on Falling da Vinci Sales
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Intuitive Surgical Inc. fell the most since 2008 after reporting preliminary results that missed analysts’ estimates as sales slowed for its surgical robots, which have faced safety and cost-efficiency questions.
Intuitive fell 16 percent to $419.30 at the close of trading in New York, the largest single-day drop since 2008. The Sunnyvale, California-based company’s shares had decreased 9.3 percent in the past 12 months.