Company News: Honeywell International Inc (HON) reported better than expected fourth quarter profits

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23 January 2015

Company News: Honeywell International Inc (HON) reported better than expected fourth quarter profits

Honeywell International Inc (HON) earned $1.43 per share in the fourth quarter, beating analysts' estimate of $1.42. Revenue in the fourth quarter decreased 1.2% year-over-year to $10.27 billion, but beating analysts' estimate of $10.17 billion.

The company reaffirmed its forecasts for 2015. EPS is expected to be $5.95-$6.15 (analysts' estimate: $6.11), while revenue is expected to be $40.5-$41.1 billion in 2015 (analysts' estimate: $41.12 billion).

Honeywell International Inc (HON) shares rose to $101.00 (+1.62%) prior to the opening bell.

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