Resideo Technologies Q2 2024 Adj. EPS $0.62 Beats $0.50 Estimate, Sales $1.589B Beat $1.534B Estimate
Portfolio Pulse from Benzinga Newsdesk
Resideo Technologies (NYSE:REZI) reported Q2 2024 adjusted EPS of $0.62, beating the $0.50 estimate by 24%. Sales were $1.589 billion, surpassing the $1.534 billion estimate but down 0.81% from last year.
August 08, 2024 | 8:31 pm
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Resideo Technologies reported Q2 2024 adjusted EPS of $0.62, beating the analyst estimate of $0.50 by 24%. Sales were $1.589 billion, exceeding the $1.534 billion estimate but down 0.81% from last year.
The significant beat on EPS and sales exceeding estimates are positive indicators for the stock. However, the slight year-over-year decline in sales may temper some enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100