ResMed: Fiscal Q4 Earnings Snapshot

August 11, 2022 GMT

SAN DIEGO (AP) _ ResMed Inc. (RMD) on Thursday reported fiscal fourth-quarter profit of $195.1 million.

On a per-share basis, the San Diego-based company said it had net income of $1.33. Earnings, adjusted for non-recurring costs, came to $1.49 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The maker of medical products for respiratory disorders posted revenue of $914.7 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $917.4 million.

For the year, the company reported profit of $779.4 million, or $5.30 per share. Revenue was reported as $3.58 billion.

_____

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