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Stock impact report

Honeywell falls on revenue miss despite earnings beat [Yahoo! Finance]

Affiliated Managers Group, Inc. (AMG) 
Last affiliated managers group, inc. earnings: 4/27 07:03 am Check Earnings Report
US:NYSE Investor Relations: ir.amg.com
Company Research Source: Yahoo! Finance
revenue, sending shares down 5.5% premarket as investors focused on the top-line miss and lowered operating cash flow guidance. The industrial conglomerate posted adjusted earnings per share of $2.45, exceeding the analyst consensus of $2.32 by $0.13. However, revenue of $9.14 billion missed estimates of $9.28 billion, though it represented a 2% increase from $8.93 billion in the year-ago quarter. The company cited disruptions from the Middle East conflict that impacted collections and delayed some shipments, particularly in its Process Automation and Technology segment. Honeywell maintained its full-year revenue guidance of $38.8 billion to $39.8 billion and adjusted EPS guidance of $10.35 to $10.65. The midpoint of the revenue guidance at $39.3 billion falls below the analyst consensus of $39.51 billion, while the EPS guidance midpoint of $10.50 is slightly below the $10.52 consensus. The company reduced its operating cash flow outlook to $4.4 billion to $4.7 billion from a pr Show less Read more
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