SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Resideo Technologies Inc. (REZI) on Tuesday reported net income of $6 million in its first quarter.
On a per-share basis, the Scottsdale, Arizona-based company said it had net loss of 2 cents. Earnings, adjusted for one-time gains and costs, were 63 cents per share.
The residential comfort and security systems maker posted revenue of $1.77 billion in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.73 billion.
For the current quarter ending in June, Resideo Technologies expects its per-share earnings to range from 51 cents to 61 cents.
The company said it expects revenue in the range of $1.81 billion to $1.86 billion for the fiscal second quarter.
Resideo Technologies expects full-year earnings in the range of $2.23 to $2.47 per share, with revenue ranging from $7.29 billion to $7.49 billion.
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