Honeywell Cuts Profit Guidance, Sending Its Stock Lower
HONHoneywell(HON) Investopedia·2024-07-25 23:50

Key TakeawaysHoneywell lowered its full-year earnings guidance on management's outlook for the rest of the year, including the effect of acquisitions.The company's second-quarter profit and sales exceeded forecasts, and Honeywell boosted its full-year revenue estimate.Shares fell following the news, and into negative territory for 2024. Shares of Honeywell International (HON) fell over 4% in intraday trading Thursday after the maker of a vast array of commercial products lowered its full-year profit guidanc ...