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05.11.2020 16:31:00

Why Shares of Resideo Technologies Are Up Today

Shares of Resideo Technologies (NYSE: REZI) jumped 25% on Thursday morning after the smart-home technology manufacturer reported a better-than-expected quarter. The stock has underperformed since being spun off of Honeywell International in 2018, but investors are feeling bullish about Resideo today.Before markets opened on Thursday, Resideo reported third-quarter earnings of $0.60 per share on revenue of $1.36 billion, significantly above Wall Street's consensus estimate for $0.05 per share in earnings on sales of $1.15 billion. Revenue was up 10% year over year.Image source: Getty Images.Continue reading
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