Why Bubs, IDP Education, ResMed, & Tyro shares are dropping today
Why Bubs, IDP Education, ResMed, & Tyro shares are dropping today
IDP Education Ltd (ASX:IEL) and ResMed Inc. (ASX:RMD) are two of four ASX shares that are dropping notably lower on Monday…
James Mickleboro has been a Motley Fool contributor since late 2015. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. This was the start of a love affair with Australian equities and he hasn t looked back since. James is part of the CFA Institute s Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with their own investing. Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns.
(OM), ResMed Inc (NYSE:RMD) - Bone Health Technologies Raises $2 5M In New Funding Round, Adds 3 Members To Board
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U.S. stocks were lower after the close on Friday, as losses in the Oil & Gas, Technology and Basic Materials sectors led shares lower.
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The best performers of the session on the Dow Jones Industrial Average were Amgen Inc (NASDAQ:AMGN), which rose 2.12% or 4.98 points to trade at 239.69 at the close. Meanwhile, Merck & Company Inc (NYSE:MRK) added 1.11% or 0.82 points to end at 74.50 and Verizon Communications Inc (NYSE:VZ) was up 0.87% or 0.50 points to 57.82 in late trade.
The worst performers of the session were Chevron Corp (NYSE:CVX), which fell 3.60% or 3.85 points to trade at 103.05 at the close. Dow Inc (NYSE:DOW) declined 2.48% or 1.59 points to end at 62.47 and Salesforce.com Inc (NYSE:CRM) was down 1.78% or 4.17 points to 230.19.
ResMed Q1 Profit Tops View, But Revenues Miss
WASHINGTON (dpa-AFX) - ResMed Inc. (RMD, RMD.AX) reported that its first-quarter net loss was $78.48 million or $0.54 per share compared to net income of $163.14 million or $1.12 per share in the prior year. The loss was predominantly due to the additional income tax reserve of $254.8 million.
Non-GAAP net income grew by 1 percent to $190.4 million and non-GAAP earnings per share grew by 1 percent to $1.30. Analysts polled by Thomson Reuters expected the company to report earnings of $1.27 per share for the quarter. Analysts estimates typically exclude special items.
Net revenue for the quarter was $768.77 million down from $769.46 million in the prior year. Analysts expected revenue of $793.17 million for the quarter.
Australia shares end lower, mark best month in five
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Last Updated: Apr 30, 2021, 03:07 PM IST
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Synopsis
Beach Energy Ltd led losses as it plunged 24% after slashing reserve estimates and earnings outlook following a review of declining output at its Western Flank field in South Australia.
Agencies
The S&P/ASX 200 index fell 0.8% to 7,025.8 points, backing away from the previous session s 14-month peak.
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Australian shares ended lower on Friday, with Beach Energy s trading update weighing on sentiment, even as the index marked its best month in five.
The S&P/ASX 200 index fell 0.8% to 7,025.8 points, backing away from the previous session s 14-month peak.
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