Healthcare Stocks Fall on Disappoints Results

Dow Jones07-18 05:28

Stocks in the healthcare sector fell as stronger-than-expected consumer sentiment were offset by a wave of risk-off mood in Wall Street.

Intuitive Surgical tumbles 14% after the second quarter's revenue print and forward guidance came in below expectations, Jefferies analysts wrote. The medical robotics company maintained its growth forecast for the use of its Da Vinci robot, disappointing investors who expected the company to raise its estimate, the analysts said. Moreover, growth in robot-assisted surgeries in the U.S. is slowing, as patients put off non-emergency surgeries following changes in insurance coverage, they said. Intuitive Surgical's balance sheet remains strong, while gross margins were wider than market consensus expected, the analysts noted. They slightly lowered their growth estimates for the company.

GSK shares fell after the U.K. drugmaker said it would stop working on an experimental treatment for chronic cough that showed limited efficacy in late-stage clinical studies.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

July 17, 2026 17:28 ET (21:28 GMT)

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