Resideo Technologies shares are trading lower after the company issued FY24 and Q3 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Resideo Technologies shares are trading lower after the company issued FY24 and Q3 revenue guidance below estimates.
August 09, 2024 | 2:27 pm
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NEGATIVE IMPACT
Resideo Technologies shares are trading lower due to the company's FY24 and Q3 revenue guidance falling below market estimates.
The lower-than-expected revenue guidance for FY24 and Q3 is likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100