Movement Alert｜Honeywell Falls 3.13% in Pre-Market Trading, Q3 Revenue Slightly Misses Expectations Despite EPS Beat and Higher Full-Year Guidance

Market Focus10-22

On October 22, Honeywell fell 3.13% in Pre-Market Trading, trading at $208.0 per share, with turnover of $2.5951 million.

The move followed the company’s latest quarterly report, in which adjusted EPS came in above expectations but revenue was slightly below market forecasts.

For the third quarter, Honeywell reported adjusted EPS of $2.27, above the $2.17 consensus estimate, while net sales were $4.994 billion, up modestly from $4.93 billion a year earlier but below the expected $5.007 billion. The company also raised full-year adjusted EPS guidance to $8.40-$8.45 from $8.05-$8.35 and lifted its revenue outlook to $20.0-$20.1 billion. Even with improved profit and guidance, the market reaction appears to be focused more on the revenue miss in the quarter.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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