3 Takeaways From Honeywell's Q3 Earnings Report
Shares of Honeywell International (NYSE: HON) continue to surge as the industrial conglomerate approaches an all-time high. The rising stock price is great for shareholders, but a closer examination of Honeywell's third-quarter earnings report released late last week points out several weaknesses.
Let's analyze three key takeaways from the report to help investors decide if they should sell the stock, hold off buying it at its current price, or give the company the benefit of the doubt despite its mixed performance.
Honeywell's third-quarter sales were down 14.2% year over year and earnings were down 25%. That's not great, but it's an improvement from the second quarter's 18% year-over-year revenue decline and 40% earnings decline.
Source Fool.com
