BusinessManufacturingTechnology

Honeywell Shares Surge on Strong Earnings and Corporate Restructuring Plans

Honeywell International reported better-than-expected third-quarter results, driving shares higher. The industrial conglomerate also raised full-year guidance ahead of its planned separation into three independent companies, beginning with next week’s Solstice Advanced Materials spinoff.

Strong Quarterly Performance

Honeywell International shares surged Thursday after the industrial conglomerate reported third-quarter results that exceeded analyst expectations, according to financial data services. Revenue for the quarter ending September 30 reportedly increased 7% year-over-year to $10.41 billion, surpassing the $10.11 billion consensus estimate tracked by LSEG. Sources indicate adjusted earnings per share rose 9.3% to $2.82, beating projections of $2.57.

BusinessSemiconductorsTechnology

Texas Instruments Stock Slides After Earnings, Guidance Disappoint Analysts

Texas Instruments reported weaker-than-expected quarterly results and provided disappointing guidance, sending shares down over 6%. Wall Street analysts responded with divided views, with some seeing a buying opportunity while others anticipate further declines.

Earnings Miss and Weak Guidance Trigger Stock Decline

Texas Instruments reportedly fell short of earnings expectations and provided disappointing fourth-quarter guidance, according to recent financial reports. The chipmaker’s shares dropped approximately 6.5% on Wednesday, marking their worst performance since July, after the company announced earnings per share of $1.48 for the previous quarter, slightly below the $1.49 consensus estimate. Sources indicate the company’s fourth-quarter EPS guidance range of $1.13 to $1.39 also came in below analysts’ expectations of around $1.41 per share.