ResMed

RESMED INC ANNOUNCED 30% INCREASE IN PROFITS AND A 2 FOR 1 STOCK SPLIT. WILL SLEEP APNEA TREATMENT REMAIN A GROWTH INDUSTRY?

ResMed Inc. is the world’s second- biggest maker of CPAP machines that help regulate breathing for people with sleeping disorders. They announced a 30% increase in mask sales and an increased net income of 190.1 million up from 146.4 million one year earlier. ResMed also announced a two-for-one split of the company’s outstanding shares of common stock.

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