Greenberg: Intuitive's Good News -- Less Bad
Procedures: Up 12% vs. a 16% increase the quarter before and a 25% rise a year earlier.
And that's my point: The company, for the most recent quarter, appears to be stabilizing. That's a single quarter. It continues to warn that in the U.S. it is being impacted by "moderating procedure growth in benign gynecology, combined with changing hospital capital spending priorities associated with the implementation of the Affordable Care Act, partially offset by higher international systems sales, led by higher da Vinci system sales in Japan." Reality: The devil will be in the details of the final report. Onward.
-- Written by Herb Greenberg in San Diego