Resideo Technologies shares rise 7.68% intraday after reporting Q2 earnings that exceeded Wall Street expectations.

Resideo Technologies, Inc. rose 7.68% in intraday trading, with the company reporting a loss of $825 million in its second quarter, but earnings, adjusted for one-time gains and costs, were 66 cents per share, exceeding Wall Street expectations. The company also posted revenue of $1.94 billion in the period, also exceeding Street forecasts. For the current quarter ending in September, Resideo Technologies expects its per-share earnings to range from 70 cents to 76 cents.