finance.yahoo.com

Honeywell Aerospace shares plunge after guidance cut following Q2 results

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Cramer said the Charitable Trust sold the position at the open, echoing surprise at the reaction. Honeywell Aerospace reported $4.52B revenue, up 5% year over year, but management slashed the full-year outlook after the quarter. Adjusted EBIT growth guidance was revised to flat to 3% from 7% to 10%, driving a sharp post-earnings drop.

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