Movement Alert｜Honeywell falls 3.05% in Regular Trading, Q3 revenue slightly missed expectations

Market Focus10-22

On October 22, Honeywell fell 3.05% in Regular Trading, trading at $210.44 per share, with turnover of $185 million.

The move was tied to the company’s latest quarterly results: adjusted EPS came in at $2.27, above the $2.17 market expectation, but sales were $4.994 billion, below the $5.007 billion consensus, which appears to have weighed more heavily on the stock.

Honeywell also raised full-year adjusted EPS guidance to $8.40 to $8.45 from $8.05 to $8.35 and lifted its revenue outlook to $20.0 billion to $20.1 billion. Even so, despite improved profit and guidance, the market reaction focused on the modest top-line 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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