Why Resideo Technologies Stock Plummeted by Almost 24% on Thursday

Specialty industrial company Resideo Technologies (NYSE: REZI) wasn't looking very special as a stock on Thursday. The company's equity fell by nearly 24% in price, on the back of a fresh earnings report that wasn't taken well at all by investors. The company's decline was far more pronounced than that of the benchmark S&P 500 (SNPINDEX: ^GSPC), which decreased by 1.1% on the day. This happened despite the fact that Resideo actually performed better than expected with its third-quarter profitability.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool