Business
ResMed Q2 update, Kogan sinks, NAB acquires 86 400
At lunch on Friday the S&P/ASX 200 Index (ASX: XJO) has returned to form and is pushing higher. The benchmark index is up 0.6% to 6,689.7 points.
Here’s what is happening on the market today:
ResMed delivers more growth
The ResMed Inc (ASX: RMD) share price is pushing higher on Friday after delivering a stronger than expected second quarter update. According to the release, ResMed reported a 9% increase in quarterly revenue to US$800 million and a 17% increase in net profit to US$206.4 million. This was ahead of the market consensus estimate for both revenue and earnings. Management advised that its growth was driven by a solid performance across the business.
Kogan shares slide following update
The Kogan.com Ltd (ASX: KGN)…
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