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

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1 maio 2020

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

Honeywell (HON) reported Q1 FY 2020 earnings of $2.21 per share (versus $1.92 per share in Q1 FY 2019), beating analysts' consensus estimate of $1.94 per share.

The company's quarterly revenues amounted to $8.463 bln (-4.7% y/y), missing analysts' consensus estimate of $8.555 bln.

Due to the evolving nature of the COVID-19 pandemic and related supply chain and market disruptions, Honeywell announced that it had temporarily suspended its FY 2020 financial guidance until the economic impact of COVID-19 stabilized.

HON fell to $141.85 (-0.04 %) in pre-market trading.

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