UPDATE: Honeywell Posts Upbeat Q2 Profit
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.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.