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ResMed share price lower despite delivering strong growth in FY 2020 – Motley Fool Australia

The ResMed Inc. (ASX:RMD) share price is dropping lower on Thursday despite its full year results smashing expectations once again…

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The ResMed Inc. (ASX: RMD) share price is dropping lower on Thursday morning following the release of its fourth quarter and full year update.
At the time of writing the sleep treatment-focused medical device company’s shares are down 4% to $26.82.
How did ResMed perform in the fourth quarter?
For the three months ended 30 June 2020, ResMed delivered a 10% constant currency increase in revenue to US$770.3 million. This compares to the analyst consensus estimate of US$752 million.
A key drive…

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