BUZZ-ResMed's Australia-listed shares hit record high on strong earnings

Reuters
08/01
BUZZ-ResMed's Australia-listed shares hit record high on strong earnings

** ResMed's Australia-listed shares RMD.AX RMD.N rise as much as 3.9% to a record high of A$44.120

** Stock posts its biggest intraday pct gain since May 21

** Medical device maker posts fourth-quarter profit ahead of Wall Street estimates

** Says profit driven by strong demand for its devices used to manage sleep apnea

** Co posts adjusted profit of $2.55 per share for the quarter ended June 30, compared with estimates of $2.48 per share

** Stock up nearly 3% this week, on track for a third consecutive week of gains

** Stock up 19.2% this year, including the day's move

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

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