Honeywell Raises Full-Year Revenue, Profit Guidance
By Matt Grossman
Honeywell International Inc. Friday raised its full-year revenue
guidance, as well as the bottom end of the range of
adjusted-earnings results it expects in the year.
The Charlotte, N.C.-based maker of software and components for
aerospace and other industries said it expects full-year sales of
$34 billion to $34.8 billion, compared with a previous forecast of
$33.4 billion to $34.4 billion. Its forecast for adjusted per-share
earnings is now $7.75 to $8.00, compared with previous guidance for
$7.60 to $8.00.
Honeywell cited its performance in the first quarter and its
managers' outlook for the rest of the year as the rationale behind
the higher forecasts. In the first quarter, Honeywell's revenue was
roughly flat year-over-year despite a decline in sales from
Analysts polled by FactSet had been forecasting full-year
adjusted earnings of $7.90 a share on revenue of $34.33
Write to Matt Grossman at firstname.lastname@example.org
(END) Dow Jones Newswires
April 23, 2021 07:27 ET (11:27 GMT)
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