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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.



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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…

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