Honeywell International Inc. saw its stock drop 6% in premarket trading after issuing a second quarter profit forecast that fell short of Wall Street expectations, citing impacts from the ongoing Middle East war. This lackluster guidance comes on the heels of mixed first-quarter results, where the company’s adjusted earnings surpassed estimates, but revenues missed targets. Analysts are increasingly bearish on Honeywell, indicating concerns about its financial outlook as it heads into the next reporting period.
“Again let HON come down. Let them sell!”