Research
Intuitive Surgical: The Beat Was Real — the Operating Margin Gave Most of It Back
Intuitive Surgical beat on both lines for an eighth straight quarter and grew revenue 21.70% — then posted an operating margin of 19.44%, down 1,417 basis points from the quarter before. The stock fell 2.26% on the print, a third of its usual move, and has since recovered all of it and more.