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Why Resideo Technologies Stock Plummeted by Almost 24% on Thursday

The Motley Fool Logo The Motley Fool By Eric Volkman
Why Resideo Technologies Stock Plummeted by Almost 24% on Thursday

Resideo Technologies experienced a significant stock drop after reporting Q3 earnings that narrowly missed analyst expectations, with guidance for the year falling short of market predictions.

Insights
REZI   negative

Stock dropped 24% due to missed revenue guidance, despite beating earnings expectations and showing organic growth. The company's full-year forecast was lower than analyst estimates, causing investor concern.