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ResMed Inc. (RMD) Is Sinking After Q1 Report

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ResMed Inc. (RMD: Quote) reported first quarter EPS of $0.56 after the close Thursday, up from $0.49 last year. The consensus estimate was for EPS of $0.58. The stock is now down 6.53 on 54K shares.

ResMed gapped open lower Thursday, but traded in a range throughout the session. The stock finished down by 0.80 at $56.31 on above average volume. ResMed has been pulling back from the highs of the year for the last 2 session.

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by RTT Staff Writer

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