Intuitive Surgical (NASDAQ:ISRG) released its third-quarter results, reporting a mixed performance with earnings surpassing expectations but revenue falling short, leading to an over 4% drop intra-day today for the company’s shares.

The company reported earnings per share (EPS) of $1.46 on revenue of $1.74 billion. Street estimates stood at $1.42 for EPS and at $1.77 billion for revenues.

Intuitive Surgical shipped 312 da Vinci Surgical Systems in the quarter, up from 305 in the third quarter of the previous year.

Deutsche Bank analysts adjusted their price target downward by $60 to $275 per share for the Hold-rated stock. They attributed the selloff to pressures from GLP1 on the bariatrics business and challenges related to China.

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