Honeywell Reports Disappointing First-Quarter Results but Announces Breakup Plan Progress
Honeywell reported first-quarter adjusted earnings per share of $2.45, beating estimates, but revenue of $9.1 billion missed expectations. The company announced progress on its breakup plan, including the sale of its Workflow Solutions business and the spin-off of its Aerospace unit, which could lead to a higher valuation for the remaining automation business.
Tickers: $HON
Topics: Earnings Report Market Reaction Spin-off Stock Performance Strategic Divestiture