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Intuitive Surgical (NASDAQ: ISRG) is a healthcare company that makes robotic-assisted surgical devices. Intuitive Surgical's stock has been rallying, and it's up around 60% over the past 12 months.
For the fiscal year 2017, Intuitive Surgical reported earnings of US$660 million, with an annual revenue of US$3.129 billion, an increase of 15.7% over the previous fiscal cycle. Intuitive Surgical's shares traded at over $307 per share, and its market capitalization was valued at over US$58 billion in November 2018. [10]
Medical device makers expect a spurt in demand for elective procedures this year as pandemic-driven restrictions as well as hospital staffing shortages have eased, helping to lift up its sales.
With 83% of its total sales coming from recurring revenue, Intuitive Surgical's installed base of roughly 10,000 da Vinci systems acts like a cash-printing machine, justifying the stock's lofty ...
In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc., removing about US$2 billion from ADP's total yearly revenue. [11] ADP distributed one share of Broadridge common stock for every four shares of ADP common stock held by shareholders of record as of the close of business on March 23, 2007.
In May 2022, Kentucky's Public Service Commission approved the sale, but only with modifications made to the sale. In December 2022, the U.S. Federal Energy Regulatory Commission refused approval, stating "the sales’ parties did not provide enough evidence to show the deal wouldn't have an adverse effect on rate payers."
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In 1976, Steve Jobs and Steve Wozniak co-founded Apple in Jobs's parents' home on Crist Drive in Los Altos, California. [8] Wozniak called the popular belief that the company was founded in the garage "a bit of a myth", [9] although they moved some operations to the garage when the bedroom became too crowded. [10]