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Honeywell Misses on Q3 Revenue, Meets on EPS

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Honeywell (NYSE: HON  ) brought in a quarter that met, or modestly exceeded, expectations. The company announced that its Q3 sales were nearly $9.6 billion, up from the $9.3 billion in the same period the previous year. Attributable net profit also advanced, coming in at $990 million ($1.24 per diluted share) from Q3 2012's $950 million ($1.21).

Analysts had been expecting revenue of $9.9 billion and EPS of $1.24.

Honeywell also tweaked its forward guidance. For the entirety of fiscal 2013, sales are now anticipated to be $38.8 billion to $39.0 billion, a slight downward shift from the prior estimate of $38.9 billion to $39.3 billion. The company boosted the bottom end of its EPS estimate for the year to $4.90, from the former $4.85. The upper end of the range remains $4.95.

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DocumentId: 2690151, ~/Articles/ArticleHandler.aspx, 9/27/2016 1:28:44 AM

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