Honeywell Revenue Hurt by Drop in Industrial Automation Sales

Key Takeaways Honeywell International missed third-quarter revenue estimates Thursday as demand for its industrial automation products declined. Sales at the Industrial Automation division dipped 5%, but they were higher for all other Honeywell units. The company lowered its full-year sales outlook. Honeywell International (HON) shares declined Thursday after the aviation and safety equipment manufacturer missed sales estimates and lowered its revenue guidance as demand for its industrial automation product ...