ResMed shares are trading lower amid weakness in healthcare equipment stocks after Becton, Dickinson And Company reported mixed Q4 financial results and issued FY24 adjusted EPS and revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
ResMed shares are trading lower due to weakness in healthcare equipment stocks following Becton, Dickinson And Company's mixed Q4 financial results and lower than expected FY24 adjusted EPS and revenue guidance.
November 09, 2023 | 5:18 pm
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ResMed's stock price is falling due to the negative sentiment in the healthcare equipment sector following Becton, Dickinson And Company's disappointing financial results.
ResMed's stock price is directly impacted by the overall sentiment in the healthcare equipment sector. Becton, Dickinson And Company's disappointing financial results and lower than expected guidance have led to a negative sentiment in the sector, causing a drop in ResMed's stock price.
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