ResMed's Aussie shares fall most in nearly 9 months on weak quarterly earnings

ResMed

30/04/2021 01:56

** Australian shares of U.S.-based ResMed Inc  RMD.AX  fall
as much as 7.4% to A$25.29, their biggest intraday pct drop
since August last year
    ** ASX shares of RMD hit their lowest since March 31
    ** Second biggest pct loser in ASX 200 benchmark index
 .AXJO 
    ** Medical equipment maker's third-quarter https://bit.ly/3vuRJHE
 revenue drops 3% on a constant currency basis to $768.8 mln
    ** Diluted loss per share on GAAP-bases of $0.54, compared
with earnings per share of $1.12 last year
    ** Losses in line with broader declines in ASX Healthcare
index  .AXHJ , which slipped as much as 1.4%
    ** Stock largely flat this year, as of last close, vs a 7.5%
increase in the ASX 200 benchmark 

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))