Resideo Technologies Q2 EPS $0.34 Misses $0.46 Estimate, Sales $1.60B Miss $1.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
Resideo Technologies reported Q2 earnings of $0.34 per share, missing the analyst consensus estimate of $0.46 by 26.09%. This is a 46.03% decrease from the same period last year. The company also reported quarterly sales of $1.60 billion, missing the analyst consensus estimate of $1.62 billion by 1.11%. This is a 4.98% decrease from the same period last year.

August 04, 2023 | 2:33 pm
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NEGATIVE IMPACT
Resideo Technologies' Q2 earnings and sales missed estimates, indicating a potential negative impact on the stock price.
Resideo Technologies reported lower than expected earnings and sales for Q2, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100