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Resideo Technologies: Q2 Earnings Snapshot
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SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Resideo Technologies Inc. (REZI) on Wednesday reported second-quarter net income of $97 million.

The Scottsdale, Arizona-based company said it had profit of 51 cents per share. Earnings, adjusted for one-time gains and costs, came to 83 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The residential comfort and security systems maker posted revenue of $1.98 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.93 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on REZI at https://www.zacks.com/ap/REZI

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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