What Happened
Aerospace Unit Reports Sharp Drop in Quarterly EPS and Trims Growth Outlook
Honeywell stock has fallen in recent trading sessions as the company’s newly spun-off aerospace unit, Honeywell Aerospace, reported a sharp drop in quarterly earnings and trimmed its growth outlook. The parent company has announced changes in leadership across its automation portfolio, which may shape the growth profile of its remaining industrial segments. According to recent market data, Honeywell shares have slipped 8.6% since late July, as reported by Unknown Source.