Honeywell's quarterly earnings exceeded forecasts


Profit of the American company, Honeywell International Inc., exceeded market expectations in the last quarter of 2018. The corporation's net income rose to $1.72 billion, or $2.31 per share, against a loss of $2.51 billion, or $3.32 per share. According to forecasts, earnings should have grown to $1.86 per share. Honeywell reduced revenue by 10% to $9.73 billion. Organic sales growth was 6%. The aerospace engineering division increased sales by 10%. Sales growth in the field of automation industry amounted to 15%. In 2018, the company earned $41.8 billion in revenue, or just over $9 per share. According to Honeywell, in 2019 earnings per share will stop at around $7.8-8.1 per share. Revenue will grow to $36-36.9 billion, and organic sales growth – 2-5%. During last bidding, the company's shares added 1.6%.

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