Honeywell declines after Q2 revenue misses estimate
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Honeywell Internationalâs (NASDAQ:HON) stock slipped 1.1% in premarket trading Thursday as the industrial company missed the average estimate for Q2 revenue.
The companyâs revenue rose 2.2% from the prior year to $9.15 billion, compared with the consensus estimate of $9.17 billion among Wall Street analysts.

Net income rose 18% to $1.48 billion, or $2.22 a share, from $1.26 billion, or $1.84 a share, a year earlier. Adjusted EPS of $2.23 beat the consensus estimate of $2.21.
Honeywellâs (HON) aerospace unit saw a 15% increase in sales to $3.34 billion on demand for aircraft as travel recovers from the pandemic. The companyâs backlog rose 4% to $30.5 billion.
âThis marked the ninth consecutive quarter of double-digit growth in commercial aerospace, and strength in our overall aerospace portfolio continues to support Honeywell's (HON) short-term and long-term growth outlook,â Vimal Kapur, president and CEO of Honeywell (HON), said in a statement.
Its performance materials and technologies group increased sales by 6% to $2.86 billion.
Sales for its building technologies segment slipped 1% to $1.51 billion, while safety and productivity solutions dropped 22% to $1.43 billion.
Management raised the lower end of full-year revenue guidance to a range of $36.7 billion to $37.3 billion from the previous span of $36.5 billion to $37.3 billion.
It also raised the lower end of guidance for adjusted EPS to $9.05 to $9.25 from the previous range of $9.00 to $9.25.
Honeywell (HON) maintained its estimate of free cash flow at $3.9 billion to $4.3 billion.
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