Honeywell: beats expectations in Q2
(CercleFinance.com) - On Friday multinational conglomerate Honeywell announced Q2 adjusted EPS of 1.
26 dollar, down 40% y-o-y.
Although down, adjusted EPS is still above analysts' expectations, who were looking for 1.19 dollar. The company's Q2 adjusted EPS reached 1.26 dollar, also down 40% y-o-y.
The Group also reiterates that has suspended providing full financial guidance until the economic impact of COVID-19 stabilizes. Nevertheless, it “expects ongoing top-line challenges due to the current market conditions”.
The share is down over 3% in early trading on Wall Street.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
26 dollar, down 40% y-o-y.
Although down, adjusted EPS is still above analysts' expectations, who were looking for 1.19 dollar. The company's Q2 adjusted EPS reached 1.26 dollar, also down 40% y-o-y.
The Group also reiterates that has suspended providing full financial guidance until the economic impact of COVID-19 stabilizes. Nevertheless, it “expects ongoing top-line challenges due to the current market conditions”.
The share is down over 3% in early trading on Wall Street.
Copyright (c) 2020 CercleFinance.com. All rights reserved.