Andra AP fonden significantly cut its stake in ResMed Inc. (NYSE:RMD) by 95.1% in the third quarter, selling over 90,000 shares. Despite this reduction, ResMed reported strong quarterly earnings, beating analyst estimates with $2.81 EPS and $1.42 billion in revenue, an 11% year-over-year increase. The company also announced a quarterly dividend of $0.60 per share, while several other institutional investors increased their holdings.
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Andra AP fonden Cuts Stock Holdings in ResMed Inc. $RMD
Andra AP fonden significantly cut its stake in ResMed Inc. (NYSE:RMD) by 95.1% in the third quarter, selling over 90,000 shares. Despite this reduction, ResMed reported strong quarterly earnings, beating analyst estimates with $2.81 EPS and $1.42 billion in revenue, an 11% year-over-year increase. The company also announced a quarterly dividend of $0.60 per share, while several other institutional investors increased their holdings.