Honeywell (NASDAQ: HON) to acquire CAES Systems Holdings LLC from Advent International for $1.9B. Deal expected to boost EPS and expand defense solutions.
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Honeywell raised guidance after completing acquisition of Carrier's Global Access Solutions business, expecting growth in automation and aviation. Q2 & FY24 outlooks improved with strong cash flow and margin expansion.
With the earnings season now halfway through, the percentage of S&P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages.
Wall Street suffers a double blow in Thursday’s session, as softer-than-expected revenue forecasts from Meta Platforms Inc. (NASDAQ:META) are being compounded by weaker-than-expected economic growth and higher inflationary pressures last quarter, raising fears of a stagflation phase