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stryker earnings call transcript q2 2020

Tesla will give you a giant contract for a long period of time, if you mine nickel efficiently and in an environmentally-sensitive way. Thank you. Thank you. I don't pick stocks on politics, but was shocked to see how a majority of our Action Alerts PLUS holdings would perform if Joe Biden wins the White House. Ladies and gentlemen, thank you for standing by and welcome to the Tesla Q2 2020 Financial Results Q&A and webcast. The COVID-19 pandemic continues to challenge and change our country, not the least of which is the loss of lives in America and around the world. Just actually on the gross margin, I had one quick follow-up and then I had a bigger question. So I was going to ask you, have you guys tried to think about how much of an impact COVID is having on those outreach efforts and if that's limiting growth in total patients in any way? Currently we have a product in California, as I’ve described before. (To watch Seedhouse’s track record, click here)Are other analysts in agreement? You can just drive normally and go very long distances. First, as we open new centers, this can pressure our near-term profitability since our centers operate in a loss for a period of time as their profitability ramps. The direct cost savings — or the direct cost impact of the temporary shutdown was largely offset by these cost savings actions, although the costs were concentrated in COGS and the cost reductions were in both COGS and operating expenses. Our next question will come from Toni Sacconaghi with Bernstein. . So -- and obviously, in terms of the guidance that Gary gave for the rest of the year, we would expect that to continue. Our second quarter sales declined organically by 24%, reflecting the impacts of COVID-19 across all geographies and the majority of our product lines. Alright. As with all our articles, AlphaStreet, Inc. does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company’s SEC filings. Glenn will then provide additional details regarding our quarterly results before opening the call to Q&A. Thank you for that. And then I was wondering if you could give a little more color in terms of basket on each of the different like in-store versus pickup versus delivery. Mako was really a pleasant surprise in the quarter, to see the amount of robots we're able to install. The sequential improvement can be tied to the initial cancellation and subsequent gradual return of elective procedures during the quarter. You can see that in Giga Shanghai. Tesla, Inc. (NASDAQ: TSLA) Q2 2020 earnings call dated July 22, 2020 Corporate Participants: Martin Viecha -- Senior Director of Investor Relations Elon Musk -- … The next question is from Karen Short with Barclays. Yeah. And as the market improves, we feel we're going to be in a very good position, especially with the new products. So that's an area of strength, but I would say, overall, not much change. Rupesh Parikh -- Oppenheimer and Company Inc. -- Analyst. 100 to 200 basis points on top line. Kevin, you mentioned a couple of times the strength in the quarter. And given the consistency of results that our platform generates on clinical metrics across all of our geographies and all of our locations, we're confident we can do that. And I obviously see no reason to doubt that. Yes. Add to Calendar. I think I heard some comments around capacity utilization on the manufacturing side being at 60% in 2Q, stepping up to 85% in 3Q. I’ll go into a little bit more detail here than I have in the past. And we have a decision point here where we could take the California product and replicate that into other states, or we could delay going into additional states and instead put more effort into the telematics side of this. And I don't think that was unique to us. And obviously, our portfolio also has evolved over time. Yeah. We’re getting way better at making cars. All right. It feels like, historically, you’ve always picked the path of, I’d rather drive more growth and more adoption because ultimately, that’s the mission of the company, and we even saw it a little bit this quarter with price reductions, you could have probably kept price where it is, sold some units and had better profits, but that’s been an ongoing choice that Tesla, as a company, has made. And then related to that, I was also curious whether you think the removal of the pickup -- or the temporary removal of pickup for you is contributing to some of the share gains you're seeing? We will provide more color on our future approach to capital allocation and the use of excess cash during our March 2021 investor day. And obviously, the focus of our care model is keeping patients healthy out of hospitals. But actually there’s far more opportunity for innovation in manufacturing than in the product itself, order of magnitude. Fastly shares were in free fall in late trading Wednesday after the software company reduced its guidance for the third quarter. And let me ask one follow-up on the Walmart partnership. So I think 300 miles is going to be really — or close to 300 miles is going to be a new normal. A question here on the market expansion, can you talk a little bit about how you're thinking about the cadence of market expansion, given just kind of like the COVID-related delays, when do you think that you're going to catch up with that? And the proportion of local sourcing has literally been rising at like 5% to 10% a month, from — like 40% of the gain [Phonetic] here, something like that. I think there's multiple different factors that are going on with the customer. Can you provide some more color on that comment? Orthopaedics had constant currency and organic sales decline of 29.3%. So I certainly think we're seeing a huge amount of interest from older adults in the communities learning about Oak Street Health, whether that be interest that's generated by our central channels or interest generated by our field channels. So that was the right number. We opened up 12 new locations. I would say early on in the pandemic ENT because it was aerosolizing procedures were clearly the hardest hit, and then the hips and knees were sort of next hardest hit. But just — it just ensures that this grid has smooth sailing and then that the batteries — the computers like all interact with each other and make sure that they are working together to make the grid sail smooth. Patient contribution, which we define as capitated revenue, less medical claims expense, grew 36% year-over-year to $52.5 million. And so what I don't have is the alternative universe, right, to see how outreach would have performed, if there wasn't COVID, we continue to make those investments. So we’re all making progress in that regard, just sort of steadily gaining progress. If you look at -- our percent of sales would be a little bit higher than your estimate. The next question is from Rupesh Parikh with Oppenheimer. Maybe I can help you with that, Karen, on the comment about pickup and delivery. We believe that there's significant opportunities, as I mentioned in my prepared comments, to continue to improve that profitability. Our outreached model helps grow membership for plans that we usually contract. We’ll probably roll it out later this year. I think you sit in a pretty interesting spot right now. U.S. players dominate, led by Amazon.com Inc.’s AWS and followed by Microsoft Corp., IBM, Google and Oracle Corp.“Chinese players like Alibaba and Tencent are not making huge inroads into the European market,” according to IDC’s Carla Arend.A spokesman for Huawei declined to comment on its European cloud business.Similar to European telecom firms slowing turning away from Huawei for their 5G infrastructure, U.S. pressure is already working in the cloud. Yes, more and more people. Goldman, JPMorgan Say RBA May Start A$100 Billion QE, China Defends Tibet Labor Practices as U.S. Increases Scrutiny, Evergrande Deal Misses Target After Founder Cut Out Friends, FOREX-Dollars bought as stimulus hopes ebb; Aussie sinks on easing hints, Twitter, Facebook restrict users' dissemination of New York Post story on Biden, Jim Cramer: This Is How Stocks Would Fare Under a President Biden, Billionaire investor: Tesla will return 5x from here, but here’s another company with just as much upside, Young Trader Has Quietly Made Over $2.8MM In 2020, My parents died from COVID-19. That cost curve even for mature products like the S and the X continues to come down as we do work on the Model 3, which is our second most mature product that continues to come down. And thank you to everyone that is joining us on today's call, our first call as a company public, in order to discuss our second quarter results. And so we expect to expand our business with Panasonic, with CATL, with LG, possibly with others, and there’s a lot more to say on that front on Battery Day. Older adults with complex chronic conditions represent the highest cost burden on the U.S. healthcare system. So those trends are continuing to rise. A recent third-party industry study reconfirmed that Simple Truth is the most-loved natural and organic brand in the U.S. And it’s also where we will be doing Cybertruck there, the Tesla semi, and we will be doing Model 3 and Y for the eastern-half of North America. Stryker Corp (NYSE:SYK) Q1 2020 Earnings Conference Call April 30, 2020, 16:30 ET Company Participants Kevin Lobo - Chairman & CEO Katherine Owen - VP, Strategy & IR Glenn Boehnlein - … That will improve our costs, but it’s — demand exceeds supply right now. Our brands is also a key competitive moat for Kroger. But long term, a lot. Despite these charges, we continue to make progress reducing our costs, particularly on Model Y in Fremont and Model 3 in Shanghai. It's still very early in the cycle. Lawmakers are setting the stock market up for failure soon, says Wall Street pros. Great. [Operator instructions] Our first question comes from Greg Badishkanian with Wolfe Research. Please go ahead. The first would be improving sales mix, and we believe there's a lot of opportunity using our personalization tools to do that. Can you give me a sense as to how variable the growth was within divisions for June? Is there room for that to come back further? Just your high-level thoughts internationally right now. On new customers, we're finding -- we're getting a lot of new customers, both in-store and digital both and probably the biggest change for both of those groups. How much of this is a function of perhaps better discipline on your part in the industry in general? You get — if you’re in manufacturing, you get to change the product design and say, hey, it was — this product you asked me to manufacture is dumb. But I would say our BD teams are just as busy as ever, engaging the targets. We were able to fill every team roll on day 1 from a hiring standpoint. Wherever you are in the world, please mine more nickel and don’t wait for nickel to go back to some long — some high point that you experienced some five years ago, whatever.

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