Honeywell shares are trading lower after the company lowered FY24 EPS guidance.
Portfolio Pulse from Benzinga Newsdesk
Honeywell shares are trading lower after the company lowered its FY24 EPS guidance.
July 25, 2024 | 10:12 am
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Honeywell shares are trading lower after the company lowered its FY24 EPS guidance, indicating potential challenges in meeting earnings expectations.
Lowering EPS guidance typically signals that a company expects lower profitability, which can negatively impact investor sentiment and lead to a decline in stock price.
CONFIDENCE 95
IMPORTANCE 90
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