Honeywell International Inc. reported third quarter earnings surpassed analysts expectations on Thursday. The company also raised the lower end of its full-year profit guidance. But revenues fell short of analysts' forecast.
The conglomerate’s adjusted earnings for the three months ending in September came in at $2.08 per shares, up 2.45% from the same period last year and higher than the Street consensus forecast of $2.01 per share.
Total revenues declined -15.5% to $9.086 billion. Analysts were expecting $9.12 billion in sales.
For the full year, Honeywell is projecting earnings to range between $8.10 and $8.15 per share, a 15 cent improvement at the lower end from its previous forecast. The company is expecting fourth quarter earnings to range between $2.00 and $2.05 per share.