Intuitive Surgical Reveals 24% Drop Expected in First Quarter Revenues and Rite Aid is Expected to see a 1.4% year-over-year Gain
Intuitive Surgical, Inc. (NASDAQ: ISRG) has announced that first quarter revenues will fall 24% to $465 million from $611 million in the first quarter of 2013 owing to the $26 million deferral related to a customer trade-out program for their recently purchased da Vinci Si Surgical Systems with the company’s recently announced da Vinci Xi Surgical System. Intuitive Surgical, Inc. designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci surgical system translates a surgeons natural hand movements, which are performed on instrument