Piper Jaffray Downgrades ResMed (RMD) to Neutral
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ResMed Inc. Announces Results for the Third Quarter of Fiscal Year 2016
April 26, 2016 4:06 PM EDTSAN DIEGO, April 26, 2016 /PRNewswire/ --Â ResMed Inc. (NYSE: RMD) today announced results for its quarter ended March 31, 2016. Revenue for the quarter was $453.9 million, a 7 percent increase compared with the quarter ended March 31, 2015; this is a 9 percent increase on a constant currency basis. Â
"We have seen sustained success with the execution of our healthcare informatics strategy driving seven consecutive quarters of device growth, since the Q1 2015 launch of our Air Solutions platform. This quarter our team delivered strong double-digit growth in the Americas region, with solid global constant currency... More
