
On CNBC's “Halftime Report Final Trades,” Kevin Simpson, Capital Wealth Planning founder and CIO, said Honeywell International Inc. (NASDAQ:HON) is off 5% after solid earnings. The company topped on top and bottom lines and also raised guidance, he added.
The company, on Thursday, posted adjusted earnings of $2.75 per share, topping analysts' estimates of $2.65. Revenue for the quarter rose 8% year over year to $10.35 billion, beating expectations of $10.02 billion.