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

CORRECT: Honeywell 1Q Profit Up 17% On Commercial Aerospace, UOP Sales

("Honeywell 1Q Profit Up 17% On Commercial Aerospace, UOP Sales," published at 8:01 a.m. EDT, misstated the revision of the earnings outlook in the fourth paragraph. A corrected version follows:) DOW JONES NEWSWIRES Honeywell International Inc.'s (HON) first-quarter profit rose 17% as the company saw higher-than-expected organic sales, with particular strength in the commercial aerospace and Universal Oil Products businesses. The results easily beat expectations. Chief Executive Dave Cote said strong momentum in the U.S. and other high growth regions was more than offsetting softness in Europe. For the year, the company raised its earnings outlook to $4.35 to $4.55 a share, from its previous projection of $4.25 to $4.50 a share. It narrowed its revenue expectation, seeing $38 billion to $38.6 billion from its previous $37.8 billion to $38.9 billion view. The maker of aerospace, building control and safety products has steadily benefited from a broad-based increase in demand. The company has said it expects tougher economic headwinds this year, as weakness in Europe affects some of its businesses. Emerging markets remain a bright spot. China's airlines are expected to account for a growing share of Honeywell's aerospace business, executive Briand Greer recently told Dow Jones Newswires. Honeywell also recently signed a deal with satellite-operator Inmarsat to provide equipment for airborne broadband connections, a 20-year agreement which could bring in an estimated $2.8 billion in revenue. The company reported a profit of $823 million, or $1.04 cents a share, compared with a year-earlier profit of $705 million, or 88 cents a share. Previous-quarter earnings on continuing operations were 86 cents. The company in March saw earnings of 96 cents to 98 cents. Net sales grew 7.3% to $9.31 billion. Analysts polled by Thomson Reuters recently projected revenue of $9.15 billion. Honeywell's automation and control-systems business, which serves the commercial construction industry, saw net sales grow 3.6%. The aerospace unit's net sales grew 9.4%, on growing commercial sales, which offset lower defense and space related revenue. Shares closed Thursday at $58 and were inactive premarket. The stock is up 6.7% so far this year. -By Kristin Jones; Dow Jones Newswires; 212-416-2208; kristin.jones@dowjones.com

Stock News for Honeywell (HON)
DateTimeHeadline
07/27/201616:05:30Statement of Changes in Beneficial Ownership (4)
07/27/201616:02:56Statement of Changes in Beneficial Ownership (4)
07/27/201610:00:00DFNDR Armor Selects Honeywell Spectra® Material for New Military...
07/27/201609:57:00Turkish Refiner Tupras Using Honeywell UOP Unicracking™ Technology T...
07/27/201609:00:00NCFI Adopts Honeywell's Low-Global-Warming Material For Integral...
07/27/201603:04:00Earnings Watch -- WSJ
07/26/201609:20:00United Technologies Revenue Climbs
07/23/201603:03:00GE, Honeywell Endure Oil Slump's Pain -- WSJ
07/22/201615:07:04Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3...
07/22/201615:00:42Quarterly Report (10-q)
07/22/201614:50:00General Electric, Honeywell Post Lower Revenue --4th Update
07/22/201609:44:00U.S. Hot Stocks: Hot Stocks to Watch
07/22/201608:30:00Honeywell International Cuts Revenue Guidance
07/22/201608:09:00Honeywell International Cuts Revenue Guidance
07/22/201606:39:49Current Report Filing (8-k)
07/22/201606:30:00Honeywell Reports Second Quarter 2016 Sales Of $10.0 Billion...
07/20/201607:00:00Gabelli & Company’s 22nd Annual Aircraft & Connectivity Conference
07/19/201610:03:00Unit45 Selects Honeywell's Low-Global-Warming Insulating Material...
07/18/201612:23:19(25-NSE)
07/15/201609:00:00Accident & Health Insurance Industry Stocks Technical Review...

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