ResMed: Fiscal Q4 Earnings Snapshot
SAN DIEGO (AP) _ ResMed Inc. (RMD) on Thursday reported fiscal fourth-quarter profit of $195.1 million.
On a per-share basis, the San Diego-based company said it had net income of $1.33. Earnings, adjusted for non-recurring costs, came to $1.49 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.
The maker of medical products for respiratory disorders posted revenue of $914.7 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $917.4 million.
For the year, the company reported profit of $779.4 million, or $5.30 per share. Revenue was reported as $3.58 billion.