In an earnings season where many companies delivered standout results, Honeywell Aerospace (NASDAQ: HONA) stood out for the wrong reasons. The company delivered its first earnings report as a stand-alone company, and the results were underwhelming.
Net income was down 70%, adjusted earnings per share (EPS) missed estimates by 20 cents, and the company cut its full-year organic growth guidance from a range of 7% to 9% to a range of just 4% to 5%.
