Honeywell Aerospace sinks despite earnings beat and raised outlook on supply constraints
-9.60% to $160.04 from $177.03
What moved HONA
- Adjusted earnings per share of $2.21 beat the $1.86 analyst estimate, and revenue of $4.64 billion edged past the $4.57 billion consensus.
- The company raised its 2026 outlook for pro forma standalone adjusted earnings per share to $7.85-$8.00 and declared an inaugural quarterly dividend of $0.40 per share.
- Shares still fell, with declines ranging from about 4% premarket to roughly 10-12% by mid-morning trading.
- Analysts pointed to tariff refunds adding an estimated $500 million to operating profit and adjusted EBIT rising only about 1%, while management said mechanical-component supplier constraints are still limiting aircraft part deliveries into 2027.
Sources: MoneyCheck · CNBC · Motley Fool · Tikr