Why Resideo Technologies Stock Just Popped 12.5%
Shares of Resideo Technologies (NYSE: REZI), the Austin, Texas-based maker of temperature and humidity control, water, air, and software solutions products, look likely to close as much as 12.5% higher as we enter the final quarter hour of stock trading on Tuesday.
Why? Earlier today, Resideo reported its financial results for Q2 2020, showing sales very close to the $1.02 billion that Wall Street had forecast for it, and pro forma earnings more than four times estimates -- at $0.17 per share.
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Source Fool.com
