WASHINGTON (dpa-AFX) - ResMed Inc. (RMD) reported that its fourth-quarter net income rose to $76.85 million or $0.53 per share, from $58.47 million or $0.37 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.49 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the quarter rose to $371.93 million from $341.89 million in the prior year quarter. Nine analysts had consensus revenue estimate of $368.36 million for the quarter.
Additionally, the company said its board has declared a quarterly dividend of $0.17 per share, which will have a record date of September 7, 2012, and be payable on September 28, 2012.
Copyright RTT News/dpa-AFX