If history is any guide, there may be trouble ahead for shares of ResMed (NYSE:RMD). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
According to Benzinga Pro, during Q2, ResMed (NYSE:RMD) earned $201.75 million, a 0.91% increase from the preceding quarter. ResMed's sales decreased to $894.87 million, a 1.01% change since Q1.
ResMed (NYSE:RMD) reported quarterly earnings of $1.47 per share which missed the analyst consensus estimate of $1.52 by 3.29 percent. This is a 4.26 percent increase over earnings of $1.41 per share from the same period