Resmed Inc Q4 Profit Increases, Beats Estimates

(RTTNews) - Resmed Inc (RMD) reported earnings for its fourth quarter that Increased from last year and beat the Street estimates.

The company's bottom line came in at $379.71 million, or $2.58 per share. This compares with $292.24 million, or $1.98 per share, last year.

Excluding items, Resmed Inc reported adjusted earnings of $374.55 million or $2.55 per share for the period.

Analysts on average had expected the company to earn $2.48 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 10.2% to $1.348 billion from $1.223 billion last year.

Resmed Inc earnings at a glance (GAAP) :

-Earnings: $379.71 Mln. vs. $292.24 Mln. last year. -EPS: $2.58 vs. $1.98 last year. -Revenue: $1.348 Bln vs. $1.223 Bln last year.