Why Shares of Resideo Technologies Are Up Today

Shares of Resideo Technologies (NYSE: REZI) jumped 25% on Thursday morning after the smart-home technology manufacturer reported a better-than-expected quarter. The stock has underperformed since being spun off of Honeywell International in 2018, but investors are feeling bullish about Resideo today.

Before markets opened on Thursday, Resideo reported third-quarter earnings of $0.60 per share on revenue of $1.36 billion, significantly above Wall Street's consensus estimate for $0.05 per share in earnings on sales of $1.15 billion. Revenue was up 10% year over year.

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Source Fool.com