SAN DIEGO (AP) — SAN DIEGO (AP) — ResMed Inc. (RMD) on Thursday reported fiscal third-quarter net income of $300.5 million.
The San Diego-based company said it had profit of $2.04 per share. Earnings, adjusted for one-time gains and costs, were $2.13 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share.
The maker of medical products for respiratory disorders posted revenue of $1.2 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $1.17 billion.
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