Honeywell moved higher Thursday after the sprawling conglomerate reported a quarterly beat and a full-year guidance raise ahead of next week’s first step to split into three companies. Revenue in the third quarter ended Sept. 30 rose 7% year over year to $10.41 billion, topping expectations of $10.11 billion, according to market data service LSEG….
Despite all eyes on the Magnificent Seven, CNBC’s Jim Cramer said that strong earnings results from companies in the “real economy” were responsible for Tuesday’s rally. “We got some tremendous numbers from actual businesses,” Cramer said. “And I think we need to celebrate that so many companies not connected to the data center or artificial…
Another breakup is on the horizon. Later this month, Honeywell will separate its Solstice Advanced Materials unit. Honeywell shareholders as of Oct. 17 will receive one share of Solstice for every four shares of Honeywell. The two companies will begin trading independently on Oct. 30, with Solstice under the ticker SOLS and Honeywell keeping its…
Guvendemir | E+ | Getty Images A wave of defense tech startups in Silicon Valley is drawing billions in funding and reshaping America’s national security. Anduril Industries, recently valued at $30.5 billion following its latest funding round, is among the so-called “neoprimes” — companies challenging the dominance of legacy contractors, dubbed “primes,” such as Lockheed Martin, Northrop…
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images WHITE PLAINS, N.Y. — Spirit Airlines is making “massive progress” to revitalize the airline, the carrier’s restructuring lawyer Marshall Huebner said in a…
People walk by a banner featuring the logo of Palantir Technologies (PLTR) at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020. Andrew Kelly | Reutersa When Palantir hit the stock market in September 2020, there was a lot that…
Travellers wait in Terminal 4 at Heathrow Airport on Sept. 20, 2025 after major European airports including Brussels, Berlin and London’s Heathrow were hit by “cyber-related disruption.” Justin Tallis | Afp | Getty Images Disruption at some European airports continued for a second day on Sunday after a cyberattack targeted check-in technology company Collins Aerospace….
A Spirit Airlines plane takes off from Oakland International Airport on May 06, 2024 in Oakland, California. Brandon Bell | Getty Images In March, Spirit Airlines came out of bankruptcy protection in less than four months and entered a worsening landscape. Consumers were holding off booking flights and U.S. planes were awash in empty seats….
An unwarranted post-earnings decline in Honeywell shares on Thursday presented a buying opportunity for new investors ahead of the conglomerate’s breakup into three publicly traded companies. Revenue in the second quarter ended June 30 rose 8.1% year over year to $10.35 billion, topping expectations of $10.07 billion, according to market data service LSEG. Organic sales…
