- Honeywell (HON) reported slightly better than expected Q1 earnings, helped by strong sales of turbochargers for automobiles and home thermostats and security systems.
- HON raises the lower end of its EPS outlook for the year by five cents, now expecting a profit of $5.40-$5.55, citing Q1 performance as well as the overall favorable outlook for its key end markets.
- Sales at the automation and control- ystems business, which serves the commercial construction industry, rose 7.6% to $4B; aerospace unit sales fell 1.8% to $2.86B; performance materials and technologies sales rose 2.2% to $1.75B; transportation systems sales aded 8.6% to $993M.
- Shares +0.2% premarket.
at CNBC.com (Tue, 6:00PM)