SAN DIEGO (AP) — SAN DIEGO (AP) — ResMed Inc. (RMD) on Thursday reported fiscal fourth-quarter earnings of $379.7 million.
On a per-share basis, the San Diego-based company said it had net income of $2.58. Earnings, adjusted for one-time gains and costs, were $2.55 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.46 per share.
The maker of medical products for respiratory disorders posted revenue of $1.35 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $1.32 billion.
For the year, the company reported profit of $1.4 billion, or $9.51 per share. Revenue was reported as $5.15 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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