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Honeywell shares tank after weak fourth-quarter earnings forecast

December 16, 2016

Via: CNBC

Honeywell International said on Friday it expected fourth-quarter earnings per share to be at the low end of its previous forecast, and also estimated its 2017 earnings to be largely below estimates.

Shares of the company were down 6.2 percent in premarket trading.

Honeywell, which makes aircraft engines and turbochargers for passenger cars and commercial vehicles, said it expects fourth-quarter earnings of about $1.74 per share, compared with its previously forecast range of $1.74-$1.78.

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