63.00 Dollar US$ Honeywell trims annual profit forecast on muted industrial... Gantt
- Location: 78554, Gantt, Colorado, United States
July 25 (Reuters) - Honeywell International Inc on Thursday lowered its annual profit forecast, due to lower demand in its industrial Home automation and smart home systems business, sending shares of the diversified industrial firm down 4. In the event you beloved this information and also you want to obtain more info relating to Top smart home automation systems i implore you to pay a visit to the web-site. 5% in premarket trade.
Sales in Honeywell's industrial Smartphone home automation business were hit by volume softness in warehouse and workflow solutions as the company looks to offload existing inventory before ordering new products amid an uncertain economic outlook.
The company also said that sales in its mask-making safety and Home automation with voice control productivity solutions declined year over year.
The unit's organic sales fell 8% in the second quarter ended June 30, from a year ago.
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