• Company News: Honeywell (HON) quarterly earnings beat analysts’ forecast

Market news

26 January 2018

Company News: Honeywell (HON) quarterly earnings beat analysts’ forecast

Honeywell (HON) reported Q4 FY 2017 earnings of $1.85 per share (versus $1.74 in Q4 FY 2016), beating analysts' consensus estimate of $1.84.

The company's quarterly revenues amounted to $10.843 bln (+8.6% y/y), generally in-line with analysts' consensus estimate of $10.796 bln.

The company also issued updated guidance for FY 2018, projecting EPS of $7.75-8.00 (compared to its prior guidance of $7.55-7.80 and analysts' consensus estimate of $7.84) and revenues of $41.8-42.5 bln (versus analysts' consensus estimate of $42.23 bln).

HON fell to $160.00 (-1.14%) in pre-market trading.

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