Company News: Honeywell’s (HON) Q3 earnings beat analysts’ expectations

Market news

19 October 2018

Company News: Honeywell’s (HON) Q3 earnings beat analysts’ expectations

Honeywell (HON) reported Q3 FY 2018 earnings of $2.03 per share (versus $1.74 in Q3 FY 2017), beating analysts' consensus estimate of $1.99.

The company's quarterly revenues amounted to $10.762 bln (+6.3% y/y), generally in line with analysts' consensus estimate of $10.750 bln.

The company also issued Q4 guidance, projecting EPS of $1.85-1.90 (versus analysts' consensus estimate of $2.07) and revenues of $9.6-9.7 bln (versus analysts' consensus estimate of $11.09 bln).

HON rose to $159.75 (+2.94%) in pre-market trading.

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