Honeywell: That’s How You Do It!

Honeywell International (HON) is doing what its bigger industrial competitor General Electric (GE) can’t–beating earnings forecasts and seeing its shares gains.

Honeywell reported a profit of $1.66 a share, beating estimates for $1.62 a share, on sales of $9.49 billion, beating forecasts for $9.33 billion. Honeywell also lifted the bottom end of its full-year guidance range to $6.90, from $6.85.

Vertical Research Partners’ Robert Stallard digs into Honeywell’s guidance:
Source: Barrons

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>