Honeywell shares slump after report of slow sales in aerospace unit

July 24, 2016 at 4:11AM
** FILE ** In this Jan. 7, 2009 file photo, Intel logos are seen at the International Consumer Electronics Show (CES) in Las Vegas. Intel Corp.'s fourth-quarter profit plunged 90 percent but still met Wall Street's subdued expectations Thursday, as the chip maker was hurt by wheezing PC sales that have crimped demand for microprocessors. Sales slumped 23 percent, in line with Intel's previous guidance. (AP Photo/Jae C. Hong) ORG XMIT: MIN2013041113334976
Intel’s stock fell 4 percent Thursday on revenue growth that was lower than analysts expected. (The Minnesota Star Tribune)

Aero miss: Honeywell International fell 3 percent to $115.61 Friday after the company reported lower than expected quarterly revenue it blamed on an unexpected sales decline in its aerospace division.

Played out: Hasbro shares fell 7 percent to $79.20 Monday despite better-than-expected overall quarterly earnings. Revenue growth for its boys' toy unit was slower than analysts expected. The unit is Hasbro's largest and accounts for 40 percent of its total revenue. Hasbro shares finished the week at $80.40.

Cloud cover: Microsoft surged 6 percent to $56.21 Wednesday after the technology giant said it returned to a profit in its fiscal fourth quarter after reporting a loss a year earlier. The company credited momentum in its cloud-computing business. Shares closed Friday at $56.57.

Revved up: General Motors rose 3 percent, to $32.47 Thursday after reporting that its profit last quarter more than doubled from a year ago. The company also raised its ­earnings forecast for the year. The stock closed Friday at $32.16.

Chipped: Intel fell 4 percent, to $34.12 Thursday after the chipmaker reported slowing business at its key data center operation as overall revenue growth lagged analysts' expectations. Shares closed the week at $34.66.

Strong report: Intuitive Surgical jumped 7 percent, to $719.76 Wednesday after the maker of robotic-assisted surgical systems reported stronger than expected earnings. Sales of its Da Vinci surgical robots fueled results. Shares closed the week at $689.37.

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