Resideo Releases Third-Quarter 2019 Results In-Line With Oct. 22 Preliminary Results

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Go back to Resideo Releases Third-Quarter 2019 Results In-Line With Oct. 22 Preliminary Results

Resideo Technologies, Inc. (REZI) Misses Q3 EPS by 13c, Revenues In-Line; Provides FY19 EBITDA Guidance

November 6, 2019 5:08 PM EST

Resideo Technologies, Inc. (NYSE: REZI) reported Q3 EPS of $0.19, $0.13 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $1.23 billion versus the consensus estimate of $1.23 billion.

"I am disappointed in our results for the third quarter. While ADI continued its strong performance, results in our Products & Solutions segment were adversely impacted by volume declines, product and channel mix, inventory write-downs, and... More