Honeywell International Inc. reported first quarter earnings that surpassed expectations. The conglomerate narrowed the range of its full-year profit forecast.
Honeywell’s adjusted earnings for the three months ending in March came in at $1.91 per share exceeding the Street expectations of $1.86 per share.
Revenues fell -0.6% to $8.4 billion, compared to analysts' estimate of $8.3 billion tally.
Looking into the current financial year, Honeywell projects revenues range of between $35.4 billion and $36.4 billion, organic sales growth of between 4% and 7% and adjusted earnings in the region of $8.50 to $8.80 per share, narrowing from its prior forecast of $8.40 to $8.70 per share.