Resmed Inc (RMD) reported a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $292.2 million, or $1.98 per share. This compares with $229.7 million, or $1.56 per share, in last year's fourth quarter.
Excluding items, Resmed Inc reported adjusted earnings of $306.3 million or $2.08 per share for the period.
Analysts on average had expected the company to earn $2.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 10.0% to $1.223 billion from $1.112 billion last year.
Resmed Inc earnings at a glance (GAAP) :
-Earnings (Q4): $292.2 Mln. vs. $229.7 Mln. last year.
-EPS (Q4): $1.98 vs. $1.56 last year.
-Revenue (Q4): $1.223 Bln vs. $1.112 Bln last year.
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