Intuitive Remains Cautious For H2, Announces Extended Use Program For Instruments

Intuitive reported better-than-expected second-quarter revenues and announced plans to roll out a new extended use program for certain surgical instruments, but remains cautious for the second half amid the COVID-19 pandemic. 

Da Vinci Surgery. Minimally Invasive Robotic Surgery with the da Vinci Surgical System. Medical robot. Robotic Surgery. Medical operation involving robot.

Intuitive Surgical, Inc.’s financial performance beat analysts’ expectations for the second quarter of 2020, driven by an intra-quarter recovery of system placements as well as procedure volume as the COVID-19 pandemic rages on.

But for Wells Fargo’s analyst Larry Biegelsen, the most important announcement during the call was the launch of the “Extended...

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