Honeywell: tightens up EPS target range
(CercleFinance.com) - Honeywell has tightened up its target ranges for 2019, now expecting adjusted EPS of 8.
10 dollars to 8.15 dollars, against a previous range of 7.95 dollars to 8.15 dollars, with revenues of 36.7 billion to 36.9 billion dollars, against 36.7 billion to 37.2 billion dollars previously.
The industrial conglomerate reported Q3 2019 adjusted EPS that is up 9% (excluding the impact of spin-offs) at 2.08 dollars, seven cents above the consensus.
The group improved its segment margin by 180 basis points to 21.2%, with revenues down 16% at 9.1 billion dollars, due to spin-offs, but revenues rose by 3% in organic terms, thanks to aerospace, process solutions and technologies for the construction industry.
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