Market Overview

UPDATE: Honeywell Posts Upbeat Q2 Profit

Related HON
Markets Lower As Geopolitical Uncertainty Continues
#PreMarket Primer: Monday, July 21: West Warns Russia 'For The Last Time'
IHS: Millions Will Have Smart Homes by 2018 (Fox Business)

Honeywell International (NYSE: HON) reported an 11% rise in its second-quarter net income.

Honeywell's quarterly earnings surged to $902 million, or $1.14 per share, versus $810 million, or $1.02 per share, in the year-ago quarter. Its sales rose to $9.44 billion from $9.09 billion.

Analysts were expecting a profit of $1.11 per share on revenue of $9.56 billion. The company now expects full-year adjusted earnings of $4.40 to $4.55 per share, versus analysts' estimates of $4.49 per share.

Honeywell shares gained 1.49% to $55.35 in pre-market trading.

Posted-In: profitEarnings News Guidance

 

Most Popular

Related Articles (HON)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters