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Stock impact report

Honeywell Says War in Middle East Hits Sales, Profit Outlook [Yahoo! Finance Canada]

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
Most Read from Bloomberg The company forecast second-quarter sales and profit below analysts' estimates, saying it assumes the headwinds that affected first-quarter growth will last through the current period. A higher tax rate will also cut into earnings per share, the company said. “Honeywell delivered a strong start to the year while navigating a challenging geopolitical environment,” Chief Executive Officer Vimal Kapur said in a statement. Shares of Honeywell fell about 6.4% in premarket US trading on Thursday. Through Wednesday, the stock had advanced 13% this year, compared with a 4.3% rise for the S&P 500 index. The company separately agreed to sell its Warehouse and Workflow Solutions business for an undisclosed sum to buyout firm American Industrial Partners LP, Honeywell's second divestiture this week as it pursues a multipart breakup. On Monday it sold its productivity solutions and services business to industrial manufacturer Brady Corp. Both deals are expected Show less Read more
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