Diversified technology and manufacturing company Honeywell International Inc. ( HON
The Morris Township, NJ-based company reported first quarter net income of $386 million, or 50 cents per share, compared with $397 million, or 54 cents per share, in the year-ago period. On average, Wall Street analysts had expected a smaller profit of 47 cents per sahre.
Revenue rose 2.7% from last year, to $7.78 billion.
Looking ahead, the company raised its full-year earnings guidance to a range of $2.30 to $2.45 per share, compared with a prior forecast of $2.20 to $2.40 per share for the year.
Honeywell shares were mostly flat in premarket trading Friday.
The Bottom Line
We have been recommending shares of HON since Mar.25, when the stock was trading at $44.48. The company has a 2.55% dividend yield, based on last night's closing stock price of $47.44.
Honeywell International Inc. ( HON ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.
Created by Dividend.com