Connect with us

Business

Honeywell Earnings Were Great. Here’s Why the Stock Is Down. – Barron’s

Industrial giant Honeywell International reported another solid quarter Friday, but the stock isn’t rising.

Published

on

Article feature image
ADVERTISEMENT

Strong results would be expected to trigger a stock price jump, but Honeywell shares are down in premarket trading. The reasons have to do with analyst and investors expectations. Honeywell (ticker: HON) reported $1.92 a share from $8.5 billion in sales for the first quarter. Wall Street was looking for $1.80 in per-share earnings from $8.1 billion in sales. The company also raised its full-year sales and earnings guidance. Honeywell expects total sales in 2021 to rise about 4%, up from prior guidance…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
I visited a reopened Kauai in Hawaii — 5 things to know before you go – The Points Guy
Article feature image
New SEC Chairman Unveils Policies for Cryptocurrencies, Calls Bitcoin ‘Scarce Store of Value’ – Regulation Bitcoin News – Bitcoin News
Article feature image
Cyberattack forces major US fuel pipeline to shut down – CNN