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.
Business consulting services provider Accenture (NYSE: ACN) reported its fourth quarter and fiscal 2020 earnings last Thursday. Accenture's failure to meet the market's earnings and revenue targets and the weak
Stock markets shifted to recovery mode as the week came to a close, with the major indices closing higher after staying in the negative territory in the past few weeks.
Renewable energy companies have been gaining attraction in the market due to the strong potential they have. Many countries are now relying mainly on renewable energy for their power consumption.