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

Market news

18 July 2019

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

Honeywell (HON) reported Q2 FY 2019 earnings of $2.10 per share (versus $2.12 in Q2 FY 2018), beating analysts’ consensus estimate of $2.08.

The company’s quarterly revenues amounted to $9.243 bln (-15.3% y/y), missing analysts’ consensus estimate of $9.373 bln.

The company also issued raised FY 2019 EPS guidance of $7.95-8.15 versus prior guidance of $7.90-8.10 and analysts’ consensus estimate of $8.10.

HON fell to $167.13 (-0.88%) in pre-market trading.

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