Honeywell International Inc on Thursday lowered its annual profit forecast, due to lower demand in its industrial automation business, sending shares of the ...
FILE PHOTO: A Honeywell logo is pictured on the company booth during the European Business Aviation Convention & Exhibition at Cointrin airport in Geneva
The company also said that sales in its mask-making safety and productivity solutions declined year over year.However, sales from the company's aerospace unit, which makes parts such as engines and navigation radios for planes produced by Boeing Co and Airbus SE, boosted overall sales by 5% to $9.58 billion.
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