ResMed: Fiscal 4Q Earnings Snapshot
SAN DIEGO (AP) _ ResMed Inc. (RMD) on Thursday reported fiscal fourth-quarter earnings of $109.8 million.
The San Diego-based company said it had profit of 76 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 95 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The maker of medical products for respiratory disorders posted revenue of $623.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $616.4 million.
For the year, the company reported profit of $315.6 million, or $2.19 per share. Revenue was reported as $2.34 billion.
ResMed shares have risen 28 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $108.63, a climb of 50 percent in the last 12 months.