ResMed (ASX:RMD) share price on watch following Q3 results

The ResMed Inc. (ASX: RMD) share price will be one to watch closely this morning.

This follows the release of the sleep treatment focused medical device company’s third quarter results.

How did ResMed perform in the third quarter?

For the three months ended 31 March, ResMed posted revenue of US$768.8 million.

While this is down 0.1% from US$769.5 million in the prior corresponding period, it is worth noting that the prior corresponding period was boosted significantly by strong demand for ventilators at the height of the pandemic.

Positively, a reduction in selling, general, and administrative expenses offset this and underpinned a 3% increase in…