Company News: Honeywell (HON) quarterly results beat analysts’ expectations

Market news

18 April 2019

Company News: Honeywell (HON) quarterly results beat analysts’ expectations

Honeywell (HON) reported Q1 FY 2019 earnings of $1.92 per share (versus $1.70 in Q1 FY 2018), beating analysts’ consensus of $1.84.

The company’s quarterly revenues amounted to $8.884 bln (-14.5% y/y), beating analysts’ consensus estimate of $8.633 bln.

The company also raised guidance for FY 2019, projecting EPS of $7.90-8.15 (prior $7.80-8.10) versus analysts’ consensus estimate of $7.99 and revenues of $36.5-37.2 bln (prior $36-36.9 bln) versus analysts’ consensus estimate of $36.85 bln.

HON rose to $164.80 (+1.17%) in pre-market trading.

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