SAN DIEGO (AP) — SAN DIEGO (AP) — ResMed Inc. (RMD) on Wednesday reported fiscal third-quarter profit of $365 million.
On a per-share basis, the San Diego-based company said it had profit of $2.48. Earnings, adjusted for pretax gains, came to $2.37 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.36 per share.
The maker of medical products for respiratory disorders posted revenue of $1.29 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $1.28 billion.
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