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Honeywell Beats Analyst Earnings Projections

Jul. 22, 2013 11:21 AM ETHON, BA
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Seeking Alpha Analyst Since 2013

Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.

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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