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Stock impact report

Why Resideo Technologies Stock Plummeted by Almost 24% on Thursday [Yahoo! Finance]

Resideo Technologies, Inc. (REZI) 
Last resideo technologies, inc. earnings: 2/26 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The control and sensor specialist beat on revenue and profitability in its third quarter, but this wasn't sufficient for the market. 10 stocks we like better than Resideo Technologies › Specialty industrial company Resideo Technologies (NYSE: REZI) wasn't looking very special as a stock on Thursday. The company's equity fell by nearly 24% in price, on the back of a fresh earnings report that wasn't taken well at all by investors. The company's decline was far more pronounced than that of the benchmark S&P 500 (SNPINDEX: ^GSPC) , which decreased by 1.1% on the day. A pop in profitability This happened despite the fact that Resideo actually performed better than expected with its third-quarter profitability. Image source: Getty Images. Net revenue came in at over $1.86 billion for the company, which specializes in control and sensor products for the home and commercial segments. This was a 2% improvement year over year. Net income not according to generally accepted account Show less Read more
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