Honeywell Net Falls 38%, Cuts Full-Year Outlook

Honeywell International Inc.'s first-quarter net income fell 38% on a drop in sales volume, prompting the diversified manufacturer cut its full-year outlook.

Still, Honeywell's shares were recently up 1.9% at $33 in premarket trading.

Big-name manufacturers and industrial conglomerates have experienced a steep drop in orders, which led to production cuts and downbeat expectations for this year.

Chairman and Chief Executive Dave ...

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