Honeywell Intl Q2 Adj. EPS $2.23 Beats $2.21 Estimate, Sales $9.15B Miss $9.17B Estimate
Portfolio Pulse from Benzinga Newsdesk
Honeywell Intl (NASDAQ:HON) reported Q2 earnings of $2.23 per share, beating the analyst consensus estimate of $2.21 by 0.9 percent. This is a 6.19 percent increase from last year. However, the company's quarterly sales of $9.15 billion missed the analyst consensus estimate of $9.17 billion by 0.26 percent, a 2.16 percent increase from last year.
July 27, 2023 | 10:31 am
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Honeywell's Q2 earnings beat estimates but sales missed, indicating mixed performance.
Honeywell's earnings beat estimates, which is a positive signal for investors. However, the missed sales estimates could indicate potential challenges in revenue growth. The mixed results may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100