CORRECTION: Honeywell Intl Lowers FY2024 Adj EPS Guidance $10.15-10.45 to $10.05-$10.25 vs $10.25 Est; Raises FY2024 Sales Guidance from $38.50B-$39.30B to $39.10B-$39.70B vs $38.76B Est
Portfolio Pulse from Benzinga Newsdesk
Honeywell International has adjusted its FY2024 guidance, lowering its adjusted EPS forecast from $10.15-$10.45 to $10.05-$10.25, while raising its sales guidance from $38.50B-$39.30B to $39.10B-$39.70B.
July 25, 2024 | 12:35 pm
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Honeywell International has revised its FY2024 guidance, lowering its adjusted EPS forecast from $10.15-$10.45 to $10.05-$10.25, while raising its sales guidance from $38.50B-$39.30B to $39.10B-$39.70B. This mixed guidance could lead to short-term volatility in the stock price.
The lowered EPS guidance may concern investors about profitability, while the raised sales guidance indicates stronger revenue performance. This mixed signal could result in short-term volatility as the market digests the news.
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