ResMed's 'first-class problems'

ResMed's third-quarter results missed expectations, but it was, in part, a victim of its own success.

Short-term expectations for ResMed (ASX:RMD) had probably got a bit ahead of reality, with the stock having risen 78% since October, but they came down with a bump after the company missed revenue expectations for its third quarter and reported a slight fall in gross profit. The stock ended the day 10% lower.

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