Resmed Inc Q2 Profit Misses Estimates

(RTTNews) - Resmed Inc (RMD) reported earnings for second quarter that missed the Street estimates.

The company's earnings came in at $201.8 million, or $1.37 per share. This compares with $206.4 million, or $1.23 per share, in last year's second quarter.

Excluding items, Resmed Inc reported adjusted earnings of $216.2 million or $1.47 per share for the period.

Analysts on average had expected the company to earn $1.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.9% to $894.9 million from $800.0 million last year.

Resmed Inc earnings at a glance (GAAP) :

-Earnings (Q2): $201.8 Mln. vs. $206.4 Mln. last year. -EPS (Q2): $1.37 vs. $1.23 last year. -Analyst Estimates: $1.52 -Revenue (Q2): $894.9 Mln vs. $800.0 Mln last year.