Intuitive Surgical, Inc. (NASDAQ: ISRG) reported second quarter 2020 earnings results today.
Revenues decreased 22% year-over-year to $852 million, due to lower procedures volume and system placements caused by the disruption related to the COVID-19 pandemic. The top line was also hurt by lower service revenue.
GAAP net income was $68 million, or $0.57 per share, compared to $318 million, or $2.67 per share, in the same period last year. Adjusted net income was $132 million, or $1.11 per share.
Due to the ongoing uncertainty, the company is unable to predict the impact of the pandemic on its financial results looking ahead.
Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of
Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered
Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company