Honeywell Forecasts Lower Revenue Amid Regional Conflict
Honeywell projected second-quarter sales below analyst estimates as Middle East disruptions impacted its automation segment. Shares fell 7.6% in early trading.
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HONEYWELL INTERNATIONAL INC saw its shares tumble 7.6% in premarket trading on Thursday after the industrial giant issued a second-quarter revenue forecast that fell short of Wall Street expectations. The company cited significant operational headwinds stemming from ongoing geopolitical instability involving the United States, Israel, and Iran.
