Well, well, well, it looks like ResMed CEO, Mick Farrell, has some big plans for the next few years. Mick recently announced that the company’s mountain-esque revenue of $2.6 billion could climb to the peak of $3.8 billion in just a few years. Talk about climbing to new heights!
According to Mizuho, a firm known for their exclusive surveys, there’s a good reason why ResMed’s revenue might have some pretty steep gains. Apparently, there’s some pent-up demand for their products, and the U.S. volume is ready to make a comeback. The competition better watch out, because ResMed is coming in hot.
Now, for all you investors out there, here’s something you might find interesting. ResMed shares have already gone up by about 8.5% this year, which is a bit better than the S&P 500. However, in the past year, it’s gone down a bit by more than 3%. But hey, it’s not like you’re married to your stocks or anything. Keep hope and give your money a chance.
You know, it’s always great when we see a company that’s doing well. It’s even better when they’re doing so well that their CEO has the confidence to say, “we ain’t stopping anytime soon.” Here’s hoping that ResMed will continue its upward climb and turn all those numbers into dollar signs. After all, money talks, and we all know that it says “hello, how are you doing today?”
Serious News: cnbc
