Shares Of Honeywell International Higher Following Guidance
Shares of Honeywell International Inc. (NYSE: HON) were trading higher by around 1.2 percent in Monday's pre-market session after the company updated investors on its fourth quarter 2014 and full year fiscal 2015 guidance.
Honeywell International lowered its fourth-quarter revenue forecast to a range of $10.1 billion to $10.2 billion from a previous $10.3 billion to $10.4 billion as a result of its decision to fund $184 million in aerospace OEM incentive payments for recent significant mechanical and avionics wins. It reaffirmed its earnings per share guidance of $1.37 to $1.42.
The company also lowered its full year fiscal 2014 revenue guidance to a range of $40.1 billion to $40.2 billion from a prior $40.3 billion to $40.4 billion, but reaffirmed its earnings per share is still anticipated to be $5.50 to $5.55.
Looking forward to fiscal 2015, Honeywell International expects a 4 percent organic sales growth with total revenue of $40.5 billion to 41.1 billion. The company expects to earn $5.95 to $6.15 throughout the coming fiscal year, with a free cash flow falling in a range of $4.2 billion to $4.3 billion.
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