Honeywell Raises Q2 Sales Outlook From $9.2B - $9.5B To $9.3B - $9.6B (Est $9.341B), Adjusted EPS From $2.25 - $2.35 To $2.35 - $2.45 (Est $2.32)
Portfolio Pulse from Benzinga Newsdesk
Honeywell has raised its Q2 sales outlook to $9.3B - $9.6B and adjusted EPS to $2.35 - $2.45, indicating positive growth. The company expects organic sales growth of 1% to 4% and a segment margin of 22.7% to 23.1%.
June 03, 2024 | 11:19 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Honeywell has raised its Q2 sales outlook to $9.3B - $9.6B and adjusted EPS to $2.35 - $2.45, indicating positive growth. The company expects organic sales growth of 1% to 4% and a segment margin of 22.7% to 23.1%.
The raised sales outlook and adjusted EPS indicate positive financial performance, which is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100