SAN DIEGO (AP) — SAN DIEGO (AP) — ResMed Inc. (RMD) on Thursday reported fiscal second-quarter net income of $392.6 million.
On a per-share basis, the San Diego-based company said it had net income of $2.68. Earnings, adjusted for one-time gains and costs, came to $2.81 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.69 per share.
The maker of medical products for respiratory disorders posted revenue of $1.42 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $1.39 billion.
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