ResMed Inc. Provides 3Q FY 2008 Results for 31 March 2008
Friday May 2, 2008, 8:44 am
Original Announcement: 3Q FY 2008 Results For P/E March 31, 2008
ResMed Inc. announced revenue and income results for the quarter ended 31 March 2008. Revenue for the quarter was US$211.8m, a 16% increase over the quarter ended 31 March 2007. For the current quarter, income from operations and net income were US$37.4m and US$29.7m, respectively. Diluted earnings per share for the quarter ended 31 March 2008 was US$0.38. Net income and diluted earnings per share both increased by 12% compared to the quarter ended 31 March 2007, excluding voluntary product recall expenses incurred in the March 2007 quarter. Gross margin was 60% for the quarter ended 31 March 2008. Further, SG&A costs were US$70.1m for the quarter, an increase of US$8.8m or 14% over the same period in fiscal 2007.
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Tim
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