ResMed: Fiscal Q4 Earnings Snapshot

SAN DIEGO (AP) — SAN DIEGO (AP) — ResMed Inc. (RMD) on Thursday reported fiscal fourth-quarter earnings of $292.2 million.

The San Diego-based company said it had net income of $1.98 per share. Earnings, adjusted for one-time gains and costs, came to $2.08 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.

The maker of medical products for respiratory disorders posted revenue of $1.22 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.21 billion.

For the year, the company reported profit of $1.02 billion, or $6.92 per share. Revenue was reported as $4.69 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RMD at https://www.zacks.com/ap/RMD