Honeywell Aerospace Tumbles to New Low After Disappointing Earnings
Honeywell Aerospace (NASDAQ:HONA) hit a new 52-week low on Thursday after releasing disappointing earnings. The company's stock traded as low as $165.70 and closed at $152.27, with over 300,000 shares changing hands.
The quarterly earnings per share came in at $6,340,000.00, while revenue reached $4.35 billion. However, this fell short of analyst expectations, with a consensus of $2.07 per share.
Management also reduced its 2026 organic sales-growth forecast to approximately 4%, 5% due to persistent supply-chain disruptions. This led to a downgrade from some analysts and intensified pressure on HONA's valuation and short-term investor sentiment.