SAN DIEGO (AP) — SAN DIEGO (AP) — ResMed Inc. (RMD) on Thursday reported fiscal second-quarter earnings of $344.6 million.
On a per-share basis, the San Diego-based company said it had net income of $2.34. Earnings, adjusted for one-time gains and costs, were $2.43 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.30 per share.
The maker of medical products for respiratory disorders posted revenue of $1.28 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $1.26 billion.
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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
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