Honeywell International Inc. said Thursday its second-quarter net income fell to $1.26 billion, or $1.84 a share, from $1.45 billion, or $2.04 a share, in the year-ago quarter. Adjusted earnings in the three months ended June 30 totaled $2.10 a share. Revenue rose to $8.95 billion from $8.81 billion. Honeywell beat the analyst earnings estimate of $2.03 a share and the revenue target of $8.67 billion, according to FactSet data. Looking ahead, Honeywell expects adjusted 2022 earnings of $8.55 a share to $8.80 a share against the Wall Street analysts target of $8.69 a share. Honeywell trimmed the top end of its full-year 2022 revenue target to $36.1 billion from $36.4 billion and kept the bottom of the range at $35.5 billion. Analysts currently expect 2022 revenue of $35.88 billion. Shares of Honeywell are down 11.9% in 2022 compared to a loss of 11.4% by the Dow Jones Industrial Average .
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