Honeywell shares are trading lower after the company reported Q3 sales below estimates. The company also lowered its full-year sales guidance.
Portfolio Pulse from Benzinga Newsdesk
Honeywell's shares declined as the company reported Q3 sales below expectations and reduced its full-year sales guidance.
October 24, 2024 | 10:12 am
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NEGATIVE IMPACT
Honeywell's shares are trading lower due to Q3 sales missing estimates and a reduction in full-year sales guidance.
The company's Q3 sales performance was below expectations, which typically leads to a negative market reaction. Additionally, lowering full-year sales guidance suggests potential challenges ahead, further impacting investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100