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Honeywell Cuts Sales Target
Description
Honeywell International ($HON@US) said Friday it plans to cut its sales forecast for the rest of the year, noting a shortage of parts needed to complete orders. Most notably, the firm will see slowdowns in the aerospace division, famous for producing electronic components, flight recorders, and cockpit instruments. The firm’s safety and productivity solutions team will also be hit, leading to trouble for some of its biggest customers, like Amazon ($AMZN@US). Honeywell stock fell 1.6% in early trading even as net sales rose nearly $600 million year over year.
Keywords & Tags
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#inflation
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#amazon
#tech
#big tech
#economic recovery
#Honeywell
#Honeywell International
#economic growth
#Cuts Sales Target
#Parts Shortage
#Sales Estimates
#sales forecast
#slowdowns
#aerospace division
#electronic components
#flight recorders
#cockpit instruments
#productivity solutions team
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