Why Honeywell Stock Is Down Today
A slight earnings beat doesn't mask headwinds impacting the business. Honeywell International (HON -4.44%) beat earnings expectations for the quarter, but revenue was soft and earnings were aided by some below-the-line items. Investors weren't impressed, sending Honeywell shares down 4% as of 11:30 a.m. ET. An underwhelming beat Honeywell is a diversified manufacturer with exposure to a lot of different businesses, but a lot of those end markets are facing headwinds right now. The company reported third-qua ...