$29 Billion Manufacturer Honeywell Reports 17% Revenue Drop

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Honeywell (HON), a big, diversified manufacturer, reported earnings this morning.  They earned 80 cents a share, beating estimates for 72 cents, but revenues were off 17%, more than $1.5 billion to $7.7 billion.  They cut Selling, General & Administrative expenses by $275 million (21%), saving 36 cents a share for the quarter.


Disclosure: Top Gun has no position in Honeywell (HON) shares.

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