Honeywell Aerospace reported second-quarter sales of $4.52 billion, up 5% from a year earlier. Honeywell Aerospace now expects adjusted earnings of between $7.60 and $7.90 per share for the year. The sudden change appeared to catch investors off guard, because Honeywell Aerospace had laid out its earlier targets only weeks before completing the spinoff. Honeywell Aerospace also recorded about $50 million in charges tied to inventory it no longer expects to sell or use. Honeywell Aerospace completed its separation from the former Honeywell International in June as part of a wider breakup of the industrial company.