Why Honeywell Stock Tumbled Today
HONHoneywell(HON) The Motley Fool·2024-07-26 04:49

Investors weren't happy with the company's revised earnings guidance.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.Honeywell's share price was down by 4.9% as of 3:55 p.m. ET.A good quarter but lower guidanceOverall, Honeywell had a very ...