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0.000495785820525434 0.000991571641051045 0.00148735746157648 0.00694100148735749 0.00619732275656916 0.0270203272186415 0.0272682201289043 0.037183936539415
Stock impact report

Why Resideo Technologies Stock Is Soaring Today [Yahoo! Finance]

Resideo Technologies, Inc. (REZI) 
Last resideo technologies, inc. earnings: 2/26 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
But fourth-quarter results provided hints that the company has finally turned a corner. Investors are cheering the results, sending shares of Resideo up 16% as of 10:30 Eastern on Wednesday. Resideo earnings finally hit home for investors Resideo is a home automation company that was created out of Honeywell's thermostat and security camera business. The company has been plagued by supply chain and inventory management issues and macro volatility in construction and renovation markets, making it a chronic underperformer. Things were looking up in the final three months of 2023. Resideo reported fourth-quarter earnings of $0.48 per share on revenue of $1.54 billion, surpassing Wall Street expectations for $0.44 per share in earnings on sales of $1.52 billion. Revenue was down year over year, but income from operations grew to $147 million from $98 million, including $35 million of restructuring charges in the fourth quarter of 2022. "We finished 2023 on a strong note with res Show less Read more
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