Why Honeywell Stock Tumbled on Thursday
A bottom-line beat in 's (NASDAQ: HON) latest reported quarter wasn't enough to land the stock in positive territory on Thursday. The storied industrial company released first-quarter results that included a revenue miss and uninspiring guidance for the current year. With that, investors punished the company, pushing its shares down nearly 3% that trading session.
The quarter saw Honeywell earn $9.1 billion in sales, a figure that bettered the year-ago result by 2%. However, net income under generally accepted accounting principles (GAAP) fell steeply, declining to $795 million from first quarter 2025's nearly $1.47 billion.
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Source Fool.com
