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 Stock
€185.60
0.970%
Honeywell International is currently one of the favorites of our community with 8 Buy predictions and no Sell predictions.
With a target price of 214 € there is a slightly positive potential of 15.3% for Honeywell International compared to the current price of 185.6 €.
