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Update: ResMed Posts Higher Fiscal Q3 Non-GAAP Earnings, Revenue; Shares Hit Over Two-Year Low

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-- (Updates to add stock movement in the headline and last paragraph)

ResMed (ASX:RMD) reported Friday fiscal third-quarter non-GAAP earnings of $2.86 per share, up from $2.37 a year earlier.

Analysts polled by FactSet expected earnings of $2.80.

Revenue for the three months ended March 31 was $1.43 billion, compared with $1.29 billion a year earlier. Analysts surveyed by FactSet expected $1.42 billion.

The company expects its fiscal 2026 non-GAAP gross margin to be between 62% and 63%.

The board declared a quarterly dividend of $0.60 per share, up from $0.53 a year earlier, payable June 18 to shareholders on record as of May 14.

The company's shares fell past 4% in recent Friday trade, earlier hitting their lowest level since February 2024.

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