Honeywell Swings to $310 Million Q4 Loss on Charges; Adjusted Net Beats View (HON)


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Diversified technology and manufacturing firm Honeywell International Inc. ( HON ) on Friday said it swung to a massive fourth quarter loss due to one-time charges, although adjusted profit beat expectations.

The Morristown, NJ-based company reported a fourth quarter net loss of $310 million, or -40 cents a share, compared with a net profit of $369 million, or 47 cents per share, in the year-ago period.

Revenue rose 8% from last year to $9.47 billion.

On average, Wall Street analysts expected a smaller profit of $1.04 per share, albeit on higher revenue of $9.56 billion.

Honeywell shares fell 83 cents, or -1.4%, premarket trading Friday.

The Bottom Line
Shares of Honeywell ( HON ) have a 2.58% dividend yield, based on last night's closing stock price of $57.83. The stock has technical support in the $50-$52 price area. If the shares can firm up, we see overhead resistance around the $60-$63 price levels.

Honeywell International Inc. ( HON ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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