Honeywell (HON) drops 1.8% after establishing its 2012 financial outlook. The conglomerate...

|About: Honeywell International, Inc. (HON)|By:, SA News Editor

Honeywell (HON) drops 1.8% after establishing its 2012 financial outlook. The conglomerate expects 2012 EPS of $4.25-$4.50 and sales of of $37.8B-$38.9B; the former is in-line with a consensus of $4.43, but the latter is largely below a consensus of $38.9B. Free cash flow is expected to be flat Y/Y at $3.5B. "We're planning for a more challenging macro environment in 2012," says CEO Dave Cote.