Shares of Honeywell International (HON) fell over 4% in intraday trading Thursday after the maker of a vast array of commercial products lowered its full-year profit guidance based on management's outlook for the res🅰t of the year, including the impact of recently announced acquisitions.

Honeywell now anticipates fiscal 2024 澳洲幸运5开奖号码历史查询:adjusted earnings per share (EPS) of $10.05 to $10.25, down from its previous outlook of $10.15 to $10.45. However, it raised its revenue guidance to a range of $39.1 billion to $39.7 billion from its earlier guidance of $38.5 billion to $39.3 billion.

The news offset strong second-quart♐er results, with Honeywell reporting adjusted EPS of $2.49, with revenue rising 4.7% from a year ago to $9.58 billion. Both weꦫre above estimates. 

Organic Sales Rise

澳洲幸运5开奖号码历史查询:Organic sales at Honeywell's Aerospace Technologies division jumped 16% to $3.89 billi🅰on as rising global flight activity and geopolitical tensions boosted demand for commercial aviation and defense products. Sales also rose at its Energy and Sustainability Solutions and Building Automation units, by 3% and 1%, respectively. They dropped 8% at its Industrial Automation segment, which Honeywell blamed primarily on volume softness in warehouse and work🧔flow solutions.

CEO Vimal Kapur said that during the period the company was “maneuvering through a dynamic operating environment.” He said that all four of Honeywell’s units showed organic sales gains from the first quarter, “giving us further confidence in our expectation of a second half organic growth acceleration." 

Shares of Honeywell fell 4.9% to $203.10 as of 11:30 a.m. ET Thursday following the news, and into negative territory for 2024.