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 aerospace.

Analysts polled by FactSet had been forecasting full-year adjusted earnings of $7.90 a share on revenue of $34.33 billion.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

(END) Dow Jones Newswires

April 23, 2021 07:27 ET (11:27 GMT)

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