ResMed Inc. (NYSE: RMD) is having an overwhelmingly strong day in the market today, and for good reason. The company reported its earnings for the second fiscal quarter, blowing away expectations and leading to excitement among investors. Today, we’ll talk about what we saw from the earnings report, what we’re seeing from the stock, and what we’ll be watching for with regard to RMD ahead.
RMD Gains On Strong Earnings
As mentioned above, ResMed is having an incredibly strong trading session in the market today after releasing its earnings for the second fiscal quarter of 2018. Of course, the data came in ahead of expectations, leading to strong gains in the value fo the stock. Here’s what we saw from the earnings report: