Honeywell Shares Drop Following Q4 Results


Honeywell International (NASDAQ:HON) reported a mixed bag of results for its fourth quarter, leading to a decline of over 2% in its shares in early trading on Thursday.
The company posted earnings per share (EPS) of $2.60, meeting the expectations of analysts. However, Honeywell’s quarterly revenue amounted to $9.44 billion, missing the forecast of $9.7 billion.
Looking forward, Honeywell has set its full-year EPS projection in the range of $9.80 to $10.10, aligning closely with the consensus estimate of $9.96. For the fiscal year 2024, the company anticipates its revenue to fall between $38.1 billion and $38.9 billion, below the market’s expectation of $39.01 billion.

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