ResMed: Fiscal Q2 Earnings Snapshot
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SAN DIEGO (AP) — SAN DIEGO (AP) — ResMed Inc. (RMD) on Wednesday reported fiscal second-quarter profit of $208.8 million.
The San Diego-based company said it had net income of $1.42 per share. Earnings, adjusted for one-time gains and costs, were $1.88 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.81 per share.
The maker of medical products for respiratory disorders posted revenue of $1.16 billion in the period, meeting Street forecasts.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RMD at https://www.zacks.com/ap/RMD
