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Honeywell International Inc shares are trading lower Thursday after the company reported mixed financial results. What Happened: Honeywell said fourth-quarter revenue increased 6% year-over-year to $9.19 billion, which missed average analyst estimates of $9.25 billion, according to Benzinga Pro. The company reported quarterly adjusted earnings of $2.52 per share, which beat estimates of $2.51 per share. Honeywell said demand remained strong, which can be seen in the company’s closing backlog of $29.6 billion, up 7% year-over-year. Fourth-quarter operating margins came in at 19.7%. “Honeywell delivered a strong finish to another challenging year, meeting our original guidance for the year despite significant headwinds from FX and the wind down of our operations in Russia,” said Darius Adamczyk, chairman and CEO of Honeywell.  Honeywell expects full-year 2023 revenue to be between $36 billion and $37 billion versus estimates of $36.94 billion. The company sees full-year earnings in a range of $8.80 to $9.20 per share versus estimates of $9.14 per share. HON Price Action: Honeywell has a 52-week high of $220.96 and a 52-week low of $166.63. The stock was down 4.1% at $198.25 at time of publication, according to Benzinga Pro. Read the original article here. The information provided is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. The opinions are from 3rd parties, claims have not been independently verified by us, and we have not been compensated in any way to review the companies or symbols mentioned. sponsored ads below   3 Reasons this Ground Breaking Design Has Become an Investor Safe Haven Solar stocks are bucking the market’s downtrend in the last few months and one solar stock looks ripe. Get the full report here*     How we can make $1–2k per trade, even in this market… Is it possible to make real money in today’s market? 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