Why Honeywell Stock Tumbled Today
Shares of the industrial conglomerate Honeywell International (NASDAQ: HON) 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.
Honeywell's share price was down by 4.9% as of 3:55 p.m. ET.
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) earnings per share of $2.49 beat Wall Street's average estimate of $2.42.
Source Fool.com
Honeywell International Aktie
188,08 €
0,54 %
Einseitige Zustimmung für Honeywell International mit mehreren Buy- und keiner Sell-Einschätzung.
Ein positives, wenn auch bescheidenes, Potenzial für Honeywell International mit einem Kursziel von 214 € im Vergleich zum aktuellen Kurs von 188.08 €.
