What Happened
Supply Chain Issues Hit Shares Amid Revenue Growth Concerns
Honeywell Aerospace’s shares plummeted 23.2% after the company reported its second-quarter results, which fell short of forecasts due to supply chain constraints. The parent company had previously highlighted material-supply constraints as a limiting factor in sales growth across aerospace end markets. The stock’s sharp decline may signal a reset in expectations around Honeywell Aerospace’s near-term earnings power. This development was first reported by the Associated Press.