Resideo Technologies Fiscal Q2 Adjusted Earnings, Revenue Rise; Standalone Guidance Set

MT Newswires Live
Aug 13

Resideo Technologies (REZI) reported fiscal Q2 adjusted earnings late Wednesday of $0.83 per diluted share, up from $0.66 a year earlier.

Four analysts polled by FactSet expected $0.47, if comparable.

Revenue for the three months ended July 4 was $1.98 billion, up from $1.94 billion a year earlier.

Three analysts expected $1.94 billion.

Resideo said it is initiating a standalone outlook as it completed the spin-off and expects revenue of $705 million to $730 million for Q3 and $2.90 billion to $2.95 billion for the full year.

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