Resideo technologies sees fy 2019 revenue $4.92 bln to $5 bln

Resideo announces selected preliminary third quarter revenue and adjusted ebitda results, revises guidance for full year 2019.sees fy 2019 revenue $4.92 billion to $5.0 billion.sees q3 revenue $1.226 billion.q3 revenue $1.226 billion versus refinitiv ibes estimate of $1.25 billion.sees fy adjusted ebitda (non-gaap) in range of $330 million to $350 million.launches a comprehensive operational and financial review.expects headwinds to continue into peak winter demand period.review will build upon previously announced cost optimization program.new operational, financial review is expected to capture incremental gross margin, operating expense savings in 2020.issues impacting h2 2019 results underscore urgency to simplify operations, reduce cost structure.operational and financial review to particularly focus on products & solutions segment.fy2019 revenue view $5.02 billion -- refinitiv ibes data.
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