Movement Alert｜Honeywell Aerospace Inc Falls 9.07% in Regular Trading, Market Digests Earnings and Guidance After Q3 Release

Market Focus10-29

On October 29, Honeywell Aerospace Inc fell 9.07% in Regular Trading, trading at $157.86, with turnover of $54.0641 million.

The move came after the market continued to digest the company’s latest quarterly results, guidance and post-earnings repricing, even though the reported figures exceeded expectations.

Honeywell Aerospace Inc reported fiscal third-quarter adjusted EPS of $2.21, above the $1.87 consensus, on revenue of $4.64 billion versus expectations of about $4.56 billion. The company reiterated its full-year organic growth outlook of 4% to 5% and announced a $0.40 dividend. A separate analyst update also raised the price target to $175 from $160, but the latest trading suggests investors were reassessing the strength and pace of future growth after the earnings release.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment