ResMed (NYSE:RMD) reported better-than-expected third-quarter financial results on Thursday.
ResMed posted adjusted earnings of $2.13 per share, beating market expectations of $1.91 per share. The company's quarterly sales came in at $1.200 billion versus estimates of $1.167 billion, according to data from Benzinga Pro.
Gross margin rose 260 bps to 57.9%, while non-GAAP gross margin increased 240 bps to 58.5%.
ResMed shares fell 0.2% to close at $183.42 on Thursday.
These analysts made changes to their price targets on ResMed following earnings announcement.
- Needham increased the price target on ResMed from $224 to $236. Needham analyst Mike Matson maintained a Buy rating.
- Keybanc boosted the price target on ResMed from $227 to $238. Keybanc analyst Brett Fishbin maintained an Overweight rating.
Also Check This Out: Microsoft, Alphabet And 3 Stocks To Watch Heading Into Friday
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
