Honeywell Intl shares are trading lower after the company issued mixed Q4 earnings and issued worse-than-expected FY24 revenue outlook.
Portfolio Pulse from Benzinga Newsdesk
Honeywell Intl's shares dropped following mixed Q4 earnings and a disappointing revenue outlook for FY24.
February 01, 2024 | 11:15 am
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NEGATIVE IMPACT
Honeywell Intl's shares declined due to mixed Q4 earnings and a lower-than-expected revenue forecast for FY24.
The decline in Honeywell Intl's shares is directly attributed to the mixed Q4 earnings report and the disappointing revenue forecast for FY24. This news negatively impacts investor sentiment and could lead to a short-term decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100