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00:02Honeywell Aerospace, which was spun off from Honeywell in June, saw shares fall in after-hours
00:07trading Wednesday after the company cut its full-year guidance, according to Benzinga.
00:11The company reported second-quarter adjusted earnings of $1.87 per share on revenue of $4.52
00:17billion, up 5% year-over-year. It cut its full-year guidance, citing supply chain constraints.
00:22Honeywell Aerospace lowered its organic revenue growth outlook to 4% to 5%
00:27and reduced its pro forma standalone-adjusted EBITDA forecast to $4.35 billion to $4.45 billion.
00:34CEO Jim Currier said the company aligned its guidance with its supply chain's demonstrated capabilities
00:40while continuing actions aimed at improving performance and supporting its 2030 targets.
00:45Shares fell more than 10% in after-hours trading on Thursday, according to Benzinga Pro.
00:49For all things money, visit Benzinga.com.
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