ResMed (RMD) Misses Q1 EPS by 2c

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Go back to ResMed (RMD) Misses Q1 EPS by 2c

ResMed Inc. Announces Results for the First Quarter of Fiscal Year 2017

October 25, 2016 4:06 PM EDT

SAN DIEGO, Oct. 25, 2016 /PRNewswire/ -- ResMed Inc. (NYSE: RMD) today announced results for its quarter ended September 30, 2016. Revenue for the quarter was $465.4 million, a 13 percent increase compared to the same period of the prior year. Excluding the contribution from the Brightree acquisition, revenue for the quarter was $432.4 million, a 5 percent increase.    

"We had a solid start to our fiscal year with 13 percent constant currency revenue growth led by our Brightree software offerings and global device sales," said Mick Farrell, ResMed's chief executive officer. "We continue to demonstrate the value... More