Company News: Honeywell (HON) posts better-than-expected quarterly results

Market news

21 April 2017

Company News: Honeywell (HON) posts better-than-expected quarterly results

Honeywell (HON) reported Q1 FY 2017 earnings of $1.66 per share (versus $1.53 in Q1 FY 2016), beating analysts' consensus estimate of $1.64.

The company's quarterly revenues amounted to $9.492 bln (-0.3% y/y), beating analysts' consensus estimate of $9.329 bln.

The company also issued in-line guidance for FY 2017, projecting EPS of $6.90-7.10 versus beating analysts' consensus estimate of $7.03.

HON rose to $127.86 (+3.30%) in pre-market trading.

Canada: Consumer price index, y/y, March 1.6% (forecast 1.8%)

Company News: General Electric (GE) quarterly results beat analysts’ estimates

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