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A 24% Drop In Q1 Revenue And Bad 2014 Outlook Sends Intuitive Surgical To Bottom Of S&P 500

Intuitive Surgica, a company focusing on robotic-assisted and minimally invasive surgery, was on a tear for the first four months of 2014, posting a whopping 30% year-to-date return by the end of the first week in April. However, that gain has been slashed by more than half as bad first quarter earnings news like a 24% drop in revenue, first estimated on April 8 and then confirmed in the official earnings results released Tuesday evening sending investors running for the hills.

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