Resideo Technologies: Q2 Earnings Snapshot

August 4, 2022 GMT

AUSTIN, Texas (AP) _ Resideo Technologies Inc. (REZI) on Thursday reported second-quarter profit of $94 million.

The Austin, Texas-based company said it had profit of 63 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The residential comfort and security systems maker posted revenue of $1.69 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.67 billion.

For the current quarter ending in October, Resideo Technologies said it expects revenue in the range of $1.67 billion to $1.72 billion.

The company expects full-year revenue in the range of $6.45 billion to $6.65 billion.


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