ADVFN - Advanced Financial Network.
HOME» NYSE » H » HON Stock Price » HON Stock News

Honeywell Share News

 Honeywell International, Inc. Stock Price
HON Stock Price
 Honeywell International, Inc. Stock Chart
HON Stock Chart
 Honeywell International, Inc. Stock News
HON Stock News
 Honeywell International, Inc. Company Information
HON Company Information
 Honeywell International, Inc. Stock Trades
HON Stock Trades

Sunoco Swings To 2Q Loss On Write-Down As Refining Operations Weaken

DOW JONES NEWSWIRES Sunoco Inc. (SUN) swung to a second-quarter loss amid weak refining revenue and a large write-down from the sale of its Philadelphia chemicals plant. Shares still rose 2.5% to $36.80 after-hours after the company reported much better-than-expected revenue. The stock was off 11% this year through Thursday's broad sell-off. Most U.S. refiners have posted improving earnings this year as a widening price spread between two types of crude oil helps boost industry margins. Sunoco missed out on the windfall in the first quarter, however, after widespread refinery outages. Sunoco in July closed the sale of its phenol and acetone manufacturing plant in Philadelphia to an affiliate of Honeywell International Inc. (HON), forcing the company to set aside $118 million to write down the facility's assets. The independent refiner also finished its spinoff of SunCoke Energy, the biggest independent producer of a raw material for steelmaking. Fitch Ratings and Standard & Poor's Ratings Services both pushed Sunoco's credit ratings into junk territory after the split, saying the spinoff removed one of the company's more stable segments. Sunoco posted a loss of $125 million, or $1.03 a share, compared with a prior-year profit of $145 million, or $1.20 a share. Excluding the write-down provision and other items, the company posted a 40-cent profit, down from last year's $1.31 a share. Revenue rose 25% to $12.02 billion. Analysts polled by Thomson Reuters expected a 47-cent per-share profit and revenue of $8.75 billion. Sunoco's core refining and supply business swung to a loss in the latest quarter on lower realized margins and decreased production volumes, though the unit's crude utilization rate climbed to 84% from 74%. Earnings in Sunoco's retail business fell 5.5% absent a favorable litigation settlement from last year as higher credit-card fees hurt profit. Earnings jumped 80% in the logistics business on expanded crude oil volumes and revenue from recent acquisitions. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Honeywell (HON)
DateTimeHeadline
09/23/201618:02:00Sally Beauty Holdings & Versum Materials Set to Join the S&P...
09/23/201609:00:00Revenues in Defense Technology Companies Surge in 2016
09/21/201610:00:00Honeywell Materials Chosen by Dow for Environmentally Preferable...
09/20/201609:57:00Honeywell UOP Introduces IIoT Offering To Improve Plant Performance
09/19/201610:00:00Honeywell Spectra Shield® Ballistic Materials Help Protect Military...
09/14/201618:30:00United Technologies CEO Adds Role of Chairman
09/14/201617:35:00Honeywell To Present At CLSA Investors' Forum
09/14/201609:57:00Honeywell UOP Modular Equipment Allows Indonesian Natural Gas...
09/13/201613:50:00Activists Want ABB to Spin Off Power Grids Unit
09/13/201608:30:00Manufacturers Rely On Big Data Analytics To Navigate Tough Business...
09/08/201609:37:00U.S. Hot Stocks: Hot Stocks to Watch
09/07/201617:44:00Honeywell Shareholders to Get Spinoff Shares in AdvanSix on Oct...
09/07/201616:14:07Current Report Filing (8-k)
09/07/201616:00:00Honeywell Board Of Directors Declares Spin-Off Dividend Of AdvanSix...
09/06/201617:42:00Honeywell To Present At Morgan Stanley Laguna Conference
08/31/201607:00:00Gabelli & Company’s 22nd Annual Aircraft Supplier & Connectivity C...
08/30/201607:00:00Honeywell Completes Acquisition of Intelligrated
08/24/201617:43:00Honeywell To Present At Vertical Research Partners Industrials...
08/24/201612:56:00Back-To-School Is A Vital Time To Remind Kids And Parents About...
08/23/201609:00:00Honeywell Hardware Awarded Final Certification For Inmarsat's...

Honeywell and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad