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Honeywell 3Q profit rises 16 percent

Honeywell 3Q profit rises 16 percent

Honeywell International Inc. says third-quarter earnings rose 16 percent, led by higher sales in its building controls division and helped by a gain from the sale of a business unit.
The Morristown, New Jersey-based diversified manufacturer said Friday it earned $719 million, or 97 cents per share. It earned $618 million, or 81 cents per share in the same quarter last year.
It says revenue was up 6 percent to $9.3 billion.
Analysts surveyed by Thomson Financial were expecting 95 cents per share in quarterly earnings on revenue of $9.6 billion.
Honeywell also tightened its outlook for the year, dropping the top end of its forecast by 5 cents but raising the low end by a penny.


Updated : 2021-10-17 12:52 GMT+08:00