Company News: Honeywell (HON) Q1 Results Beat Analysts’ Estimates

Market news

22 April 2016

Company News: Honeywell (HON) Q1 Results Beat Analysts’ Estimates

Honeywell reported Q1 FY 2016 earnings of $1.53 per share (versus $1.41 in Q1 FY 2015), beating analysts' consensus of $1.50.

The company's quarterly revenues amounted to $9.522 bln (+3.4% y/y), beating consensus estimate of $9.365 bln.

Honeywell issued guidance for FY 2016, raising EPS to $6.55-6.70 from $6.45-6.70 (versus analysts' consensus estimate of $6.60) and revenues to $40.3-40.9 bln from $39.9-40.9 bln (versus analysts' consensus estimate of $40.61 bln).

HON rose to $116 00(+0.94%) in pre-market trading.

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