Honeywell disappoints on quarterly results but delivers on breakup plan

Honeywell disappoints on quarterly results but delivers on breakup plan

Honeywell is selling off after disappointing first-quarter numbers. However, the report included a key update on the industrial conglomerate’s major breakup, which should reward shareholders who hang on. Adjusted earnings per share increased 10.1% from the year-ago period to $2.45, outpacing the LSEG estimate of $2.32 apiece. Adjusted revenue in the quarter ending March 31…

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