BUZZ-Resideo shares surge after repaying $1.1 billion in debt

November 11 - ** Shares of smart home solutions provider Resideo Technologies (REZI.N) rose 15.6% to $22.4

** If the current share price holds, the stock is set for its best single-day performance since July 2025

** The Austin, Texas-based company used proceeds from the spin-off of its former distribution business, ADI Global Distribution, to repay $1.1 billion in debt

** According to data compiled by London Stock Exchange Group (LSEG), REZI ((link)) expects full-year earnings per share (EPS) of $1.92 to $1.98, below analyst expectations of $2.46

** The report shows third-quarter revenue was $727 million, while analysts expected $1.02 billion

** The share price has remained below its 200-day moving average since August 12

** Of seven brokerages, six rate the stock as "buy" or higher, and one rates it "hold"; the median target price is $30—data compiled by LSEG

** Including today's move, the stock is now down nearly 8% year-to-date

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