Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times

Honeywell Aerospace shares plunge 26% as supply woes trigger forecast cuts

Honeywell Aerospace shares plunged as much as 26% on Thursday after supply-chain problems prompted the company to cut its annual sales target and issue a weaker-than-expected profit forecast, Reuters reported.

The stock was last down about 20% and headed for its worst session since its recent listing, if the losses held.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.