Resideo Technologies Q3 2023 Adj EPS $0.41 Beats $0.27 Estimate, Sales $1.55B Beat $1.54B Estimate
Portfolio Pulse from totan@benzinga.com
Resideo Technologies (NYSE:REZI) reported Q3 2023 earnings of $0.41 per share, beating the analyst consensus estimate of $0.27 by 51.85%. However, this is a 14.58% decrease from the same period last year. The company also reported sales of $1.55 billion, beating the estimate of $1.54 billion by 0.91%, but this is a 3.96% decrease from the same period last year.
November 01, 2023 | 9:07 pm
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NEUTRAL IMPACT
Resideo Technologies beat Q3 2023 earnings and sales estimates but reported decreases from the same period last year.
While Resideo Technologies beat the earnings and sales estimates, the decrease from the same period last year could potentially offset the positive impact of beating estimates. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100