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flag Despite major investors selling off shares, ResMed reported a 92.7% jump in earnings per share.

flag California Public Employees Retirement System (CalPERS) and other institutional investors have sold shares of medical device company ResMed Inc. (RMD), reducing their stakes. flag Despite these sales, ResMed reported strong earnings, with a 92.7% increase in earnings per share to $2.43, surpassing estimates. flag The company has a market capitalization of $32.62 billion and a "Moderate Buy" rating from analysts.

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