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Why Is Honeywell Stock Falling Thursday? - Honeywell Intl (NASDAQ:HON)
Adjusted earnings beat estimates, but revenue missed and free cash flow fell 71% as Honeywell cut GAAP guidance and forecast second-quarter results below expectations.
5 Articles
5 Articles
Why Honeywell Stock Tumbled on Thursday
Key PointsIt missed on revenue, but beat on earnings.Management maintained its existing guidance.10 stocks we like better than Honeywell International › A bottom-line beat in Honeywell's (NASDAQ: HON) latest reported quarter wasn't enough to land the stock in positive territory on Thursday. The storied industrial company released first-quarter results that included a revenue miss and uninspiring guidance for the current year. With that, investor…
Why Is Honeywell Stock Falling Thursday? - Honeywell Intl (NASDAQ:HON)
Honeywell International Inc. (NASDAQ:HON) shares fell in premarket trading Thursday after the company reported mixed first-quarter results, with revenue missing expectations despite an earnings beat. Details The company posted adjusted earnings of $2.45 per share, exceeding analysts' estimates of $2.32. Revenue rose 2% year over year to $9.14 billion, falling short of the $9.30 billion consensus estimate. Organic sales also increased 2%, support…
TLDR – Honeywell reported first-quarter net sales of $9.14 billion, below analysts' estimates of $9.3 billion – marking the third consecutive quarter of missing expectations. The Middle East conflict slowed activity in its process automation and technology business, hurting revenue. Net income fell 43.3% to $821 million, but adjusted earnings per share (EPS) rose 11% to $2.45, exceeding expectations. Second-quarter guidance missed Wall Street ex…
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