Why Honeywell Stock Tumbled Today
Honeywell(HON) The Motley Fool·2024-07-26 04:49
Shares of the industrial conglomerate Honeywell International (HON -5.24%) fell today after the company reported its second-quarter results. While Honeywell beat Wall Street's revenue and earnings expectations in the quarter, investors were disappointed that management lowered the company's full-year earnings guidance. Overall, Honeywell had a very solid second quarter. Sales increased 5% to $9.6 billion, which outpaced analysts' consensus estimate of $9.4 billion. And the company's non-GAAP (adjusted) earn ...