On August 6, Honeywell Aerospace Inc fell 9.55% in pre-market trading, trading at $185.94/share, with turnover of $15,500. The sharp decline follows the company's significant downward revision of its full-year guidance issued alongside its Q2 earnings report.

Honeywell Aerospace now expects organic sales growth of 4% to 5% for the year, down sharply from its prior forecast of 7% to 9%. The company also guided adjusted earnings per share of $7.60 to $7.90, well below the analyst consensus estimate of $8.86. Management attributed the warning primarily to persistent supply chain bottlenecks that are constraining its ability to convert strong aftermarket demand into actual revenue across all business segments. The CFO noted that these constraints span every end market the company serves.

Prior to the earnings release, RBC Capital Markets had maintained an Outperform rating with a $298 target price, citing robust order momentum and double-digit short-cycle growth. The stock had risen 3.12% ahead of the report before reversing sharply, falling over 5% intraday and extending losses after hours.

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