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Stock impact report

ResMed tops quarterly profit estimates on strong demand for sleep apnea devices [Reuters]

ResMed Inc. (RMD) 
Last resmed inc. earnings: 4/30 04:05 pm Check Earnings Report
Company Research Source: Reuters
The California-based company reported adjusted profit of $2.13 per share for the quarter ended March 31, compared with average analysts' estimate of $1.91 per share, according to LSEG data. ResMed makes ventilators and machines that provide continuous and bilateral positive airway pressure - known as CPAP and BIPAP - and they are used for non-invasive treatment of sleep apnea, a condition in which the airway gets blocked multiple times while sleeping. Rival Philips is facing a years-long halt in sales of its machines until certain improvements are made in its Respironics plant in the United States, bolstering ResMed's market position. Resmed's sales rose 7% to $1.2 billion, narrowly beating estimates of $1.17 billion. Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up Reporting by Unnamalai L in Bengaluru; Editing by Alan Barona Our Standards: Show less Read more
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