Resideo Technologies: Q4 Earnings Snapshot
By AP News
Published - Feb 13, 2024, 04:33 PM ET
Last Updated - Feb 13, 2024, 04:33 PM EST
SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Resideo Technologies Inc. (REZI) on Tuesday reported fourth-quarter earnings of $82 million.
The Scottsdale, Arizona-based company said it had net income of 56 cents per share. Earnings, adjusted for non-recurring gains, came to 48 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The residential comfort and security systems maker posted revenue of $1.54 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.52 billion.
