Honeywell Intl Q3 Adj. EPS $2.27 Beats $2.23 Estimate, Sales $9.21B Miss $9.23B Estimate
Portfolio Pulse from Benzinga Newsdesk
Honeywell Intl (NASDAQ:HON) reported Q3 earnings of $2.27 per share, beating the analyst consensus estimate of $2.23 by 1.79%. This is a 0.89% increase from the same period last year. However, the company's quarterly sales of $9.21 billion missed the analyst consensus estimate of $9.23 billion by 0.22%, but it's a 2.89% increase from the same period last year.
October 26, 2023 | 10:05 am
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Honeywell's Q3 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertain market reactions.
Honeywell's earnings beat could be a positive signal to investors, indicating strong operational efficiency. However, the sales miss could be a concern as it might suggest weaker than expected demand or potential issues in the supply chain. The net impact on the stock price could be neutral in the short term as the market weighs these factors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100