Honeywell hits 3-month low after revenue misses estimates
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Honeywell Internationalâs (NASDAQ:HON) stock fell Thursday after the industrial conglomerate reported quarterly revenue that missed Wall Streetâs estimate. The shares declined as much as 4.4% to hit a three-month low of $197.69.
The company said revenue rose 6.1% to $9.19 billion in Q4 -- less the consensus estimate of $9.26 billion -- from $8.66 billion a year earlier.
Its quarterly profit slumped 29% to $1.02 billion, or $1.51 a share, from $1.44 billion, or $2.05 a share, a year earlier.
Adjusted earnings of $2.52 a share beat the consensus estimate of $2.51 a share. 

Honeywell (HON) predicted that growth in organic revenue, which doesn't include adjustments for acquisitions, divestitures and foreign currency moves, this year will slow to a range of 2% to 5%.
"The fourth quarter was another challenging one, with supply chain constraints and inflation headwinds still at play," Darius Adamczyk, chairman and CEO of Honeywell (HON), said in a regularly scheduled call with analysts, "but Honeywell's (HON) disciplined execution and differentiated solutions enable us to deliver on organic sales, segment margin, earnings and free cash flow commitments."
Strong demand in commercial aviation drove an 11% gain in revenue for its aerospace unit to $3.2 billion during the quarter.
Revenue climbed 10% to $2.89 billion in its performance materials and technologies unit, and by 8% to $6 billion in building technologies.
Sales fell 8% to $1.61 billion for its safety and productivity solutions segment.