Company News: Honeywell (HON) Q4 Earnings Miss Expectations

Market news

29 January 2016

Company News: Honeywell (HON) Q4 Earnings Miss Expectations

Honeywell reported Q4 FY 2015 earnings of $1.58 per share (versus $1.43 in Q4 FY 2014), missing analysts' consensus of $1.59.

The company's quarterly revenues amounted to $9.982 bln (-2.8% y/y), in line with consensus estimate of $9.984 bln.

Honeywell reaffirmed guidance for FY 2016, projecting EPS of $6.45-6.70 (versus analysts' consensus of $6.57) and revenues of $39.9-40.9 bln (versus analysts' consensus of $40.52 bln).

HON rose to $97.97 (+1.04%) in yesterday's trading.

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