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ResMed Beats Q2 Revenue Estimates, Exits Portable Oxygen Business

 
• By Marion Webb

ResMed beat Wall Street analysts’ projections for sales growth for the second quarter of 2021, announced exit of its portable oxygen market.

Earnings season

The San Diego, CA-based respiratory medical devices company ResMed, Inc. increased revenues for its second-quarter, ended 31 December 2020, by 9%, year-over-year to $800m, and exceeding analysts’ projection by 3.6%.

ResMed posted profits of $179.5m, or $1.23 per share for the three months ended 31 December 2020 which compares to $160m, or $1.10 per share in last year’s second quarter....

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