Honeywell reported better-than-expected profits in Q3 2024 but reduced its full-year sales and profit forecast due to cost pressures and weaker performance in Industrial Automation. Aerospace Technologies and Building Automation segments showed strong double-digit sales growth, helping to offset a 5% sales decline in Industrial Automation. Despite the sell-off, Honeywell remains appealing for p...
CHARLOTTE, N.C. , Nov. 1, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced its participation at upcoming investor conferences in the fourth quarter.
Honeywell reported its Q3 earnings with strong momentum in Aerospace Technologies, balancing weaker trends from Industrial Automation. The company's efforts to lift margins higher are proving successful, supporting a positive earnings outlook. HON stock could be undervalued assuming top-line growth rebounds into 2025 and beyond.
Honeywell projected annual sales below Wall Street expectations and missed quarterly revenue estimates on Thursday as the industrial giant struggles with persistent supply-chain disruptions and weakness in its industrial automation business.
Honeywell International (HON) shares declined Thursday after the aviation and safety equipment manufacturer missed sales estimates and lowered its revenue guidance as demand for its industrial automation products slumped.
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