Honeywell Beats Analyst Earnings Projections
Seeking Alpha Analyst Since 2013
Originally published at www.seclive.com
Honeywell International (HON) announced its earnings for second quarter this fiscal year, reporting earnings per share of $1.28, beating analyst expectations by $0.07 per share. The company reported revenues of $9.44B, slightly down from this quarter last year of $9.70B. Despite positive financial results and performance, allegations that its emergency locator transmitter could be linked to aircraft fires, most recently in a Boeing (BA) 787 at London Heathrow Airport. With the company's increased performance, it has also increased its annual and Q3 guidance, now projecting $4.85 to $4.95 earnings per share for the year and $1.20 to $1.25 earnings per share for third quarter.
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