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Honeywell Aerospace faces downgrade after weak first earnings

The company cut full-year guidance on key metrics in its first earnings report since separating from Honeywell in June.

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Honeywell Aerospace is facing a downgrade after what CNBC described as a weak debut earnings report, following its separation from the Honeywell conglomerate.

According to CNBC Earnings, the aerospace business slashed its full-year guidance on key metrics, a change tied to performance in the quarter and expectations heading into the rest of the year.

CNBC said the downgrade comes as the company reports for the first time since the separation in June, marking a new phase for the stand-alone aerospace unit.

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