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3 Stocks Move Friday

- By Omar Venerio

Shares of ResMed Inc. (RMD) fell nearly 20% on Friday after announcing second-quarter results. The company posted earnings of $1 per share on $551.1million in revenue, reflecting 8.3% growth from the year-ago quarter. The company beat earnings estimates by 7 cents, but fell $15.58 million short of revenue expectations.

"We had a solid quarter with top-line growth and gross margin expansion, as well as continued fiscal discipline to drive leverage and improved operating profit," CEO Mick Farrell said .

The g ross m argin inched up 70 basis points to 58.9%, driven by efficiencies, product mix changes and higher margin contribution from MatrixCare .

Shares of Intuitive Surgical Inc. (ISRG) fell almost 5 % on Fri d ay after the company announced fourth -quarter earnings of $2.96 per share on $ 1.05 b illion in revenue, 17 . 7 % year-over-year growth. The company fell 11 cents short of earnings estimates, but beat r evenue expectations by $ 10 million.

I nstrument and accessory revenue rose 18% to $539 million, up from $457 million recorded in the prior-year quarter . S ystems revenue increased 20% to $341 million, up $56 million from a year ago. Services revenue was $166.6 million, up $16.2 million.

Internationally, revenues totaled $307 million, reflecting 24% year-over-year growth.

Shares of OSI Systems Inc. (OSIS) gained more than 12 % after reporting second- quarter earnings of $1.19 per share on $ 303 . 2 m illion in revenue, growing 9 . 2 % year over year. The company managed to beat earnings estimates by 23 cents and revenue expectations by $1 6.02 million.

Looking ahead to fiscal 2019, the company expects sales between $1.150 billion and $1.185 billion and non-GAAP earnings in the range of $3.93 to $4.10 per share .

Disclosure: The author holds no positions in any stocks mentioned.

This article first appeared on GuruFocus.