{"id":1092,"date":"2023-04-27T16:21:29","date_gmt":"2023-04-27T20:21:29","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/honeywell-lifts-annual-profit-outlook-after-quarterly-results-beat\/"},"modified":"2023-04-27T16:21:29","modified_gmt":"2023-04-27T20:21:29","slug":"honeywell-lifts-annual-profit-outlook-after-quarterly-results-beat","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=1092","title":{"rendered":"Honeywell lifts annual profit outlook after quarterly results beat"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: An aircraft engine is being tested at Honeywell Aerospace in Phoenix, Arizona, U.S. on September 6, 2016. REUTERS\/Alwyn Scott<\/span>
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(Reuters) – Industrial conglomerate Honeywell International Inc (NASDAQ:) raised its full-year profit and revenue forecasts on Thursday, after posting a quarterly results beat on strength in its aviation unit.<\/p>\n

Shares of the company, which makes everything from engines to cockpit components, were up 2.4% at $195.50 before the bell.<\/p>\n

Aviation suppliers such as Honeywell and General Electric <\/span><\/span> (NYSE:) Co have been posting upbeat results, helped by higher jet production at planemakers Boeing (NYSE:) Co and Airbus SE (OTC:) and on strong demand for aftermarket parts and services.<\/p>\n

“As we look to the rest of 2023, we are well positioned to continue outperforming despite an uncertain macroeconomic environment,” Honeywell’s outgoing CEO Darius Adamczyk said.<\/p>\n

Honeywell now expects 2023 adjusted earnings per share between $9.00 and $9.25, up from its prior outlook of $8.80 to $9.20.<\/p>\n

It also increased its full-year sales outlook to between $36.5 billion and $37.3 billion from its earlier forecast of $36 billion to $37 billion.<\/p>\n

In the first quarter, Honeywell’s net sales rose 5.8% to $8.86 billion, compared with analysts’ estimates of $8.52 billion, according to Refinitiv data.<\/p>\n

The company’s reported profit for the quarter was $2.07 per share. Analysts had expected a profit of $1.93 per share. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: An aircraft engine is being tested at Honeywell Aerospace in Phoenix, Arizona, U.S. on September 6, 2016. REUTERS\/Alwyn Scott (Reuters) – Industrial conglomerate Honeywell International Inc (NASDAQ:) raised its full-year profit and revenue forecasts on Thursday, after posting a quarterly results beat on strength in its aviation unit. Shares of the […]<\/p>\n","protected":false},"author":1,"featured_media":1093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-1092","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nHoneywell lifts annual profit outlook after quarterly results beat | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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