ResMed Reports Another Solid Quarter Buoyed by U.S. Mask Sales; Raising FVE to USD 81
Narrow-moat ResMed reported an excellent first quarter result with net profit after tax of $86.1 million on group revenue of $523.7 million, both up 13% on the prior corresponding period. This was slightly ahead of our expectations, buoyed by a strong performance of masks in the U.S. and a strong uptake of flow generators in Europe. The latter up 13% year on year due to more favorable reimbursement rates in France, ResMed’s second largest retail market. Connectivity across products and platfor...ResMed is a holding company. Through its operating subsidiaries, the company is engaged in the development, manufacturing, distribution and marketing of medical devices and cloud-based software solutions that diagnose, treat and manage respiratory disorders including sleep disordered breathing, chronic obstructive pulmonary disease, neuromuscular disease and other chronic diseases. The company has two operating segments: Sleep and Respiratory Care and Software-as-a-Solutions. The company's portfolio of products includes devices, diagnostic products, mask systems, headgear and other accessories, dental devices, portable oxygen concentrators and cloud-based software informatics solutions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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