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Honeywell Earnings: HON Stock Hops Higher

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Honeywell earnings for the first quarter of 2019 have HON stock heading higher on Thursday.

Honeywell Earnings: HON Stock Hops Higher

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Honeywell (NYSE: HON ) starts off its earnings report for the first quarter of the year with earnings per share of $1.92. This is down from the company's earnings per share of $1.95 from the first quarter of 2018. However, it was still a boon to HON stock by beating out Wall Street's earnings per share estimate of $1.83 for the period.

The Honeywell earnings report for the first quarter of 2019 also includes net income of $1.44 billion. This is a drop from the company's net income of $1.45 billion reported in the same period of the year prior.

Honeywell earnings for the first quarter of the year also see it bringing in revenue of $8.88 billion. The company reported revenue of $10.39 billion in the first quarter of the previous year. Despite the drop, this was still a blessing for HON stock by coming in above analysts' revenue estimate of $8.64 billion for the quarter.

"Honeywell delivered a very strong start to 2019 with first-quarter results that exceeded the high end of our sales and earnings guidance," Darius Adamczyk, Chairman and CEO of Honeywell, said in a statement . "Organic sales grew 8% led by our long-cycle businesses in commercial aerospace, defense, and warehouse and process automation, and strong demand for commercial fire and security products."

HON stock was up 3% as of Thursday afternoon and is up 23% since the start of the year.

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As of this writing, William White did not hold a position in any of the aforementioned securities.

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The post Honeywell Earnings: HON Stock Hops Higher appeared first on InvestorPlace .

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


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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