0112 GMT - ResMed's 3Q result is greeted warmly by its bull at RBC Capital Markets. Analyst Craig Wong-Pan tells clients in a note that the breath-tech provider delivered a slight beat to his and consensus forecasts across a majority of metrics. He likes that gross margin continued to improve, beating consensus forecasts by 30 basis points. Less positively, he acknowledges that 5.9% Americas revenue growth from devices fell short of an average analyst forecast of 9.1%. The announcement that CFO Brett Sandercock is retiring may also hit sentiment, he adds. RBC has a last-published outperform rating and US$314.00 target price on ResMed's U.S.-listed stock, which closed at US$213.81. ResMed's Australia-listed stock is down 2.6% at A$29.00. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 30, 2026 21:12 ET (01:12 GMT)
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