Honeywell: Q3 above expectations
(CercleFinance.com) - Honeywell has reported Q3 2018 adjusted EPS that is up 17% at 2.
03 dollars, or four cents above the consensus, with its segment margin having improved by 70 basis points to 19.4%.
The industrial conglomerate saw its revenues increase by 6% to 10.1 billion dollars as reported, with 7% growth in organic terms, boosted by its aeronautical division (+10%) and productivity and security solutions (+12%).
To take into account a strong outlook and two splits, the group has adjusted its annual targets, now looking for adjusted EPS of between 7.95 dollars and 8 dollars, with segment margins up by 50 bp to 60 bp and revenues between of 41.7 billion and 41.8 billion dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
03 dollars, or four cents above the consensus, with its segment margin having improved by 70 basis points to 19.4%.
The industrial conglomerate saw its revenues increase by 6% to 10.1 billion dollars as reported, with 7% growth in organic terms, boosted by its aeronautical division (+10%) and productivity and security solutions (+12%).
To take into account a strong outlook and two splits, the group has adjusted its annual targets, now looking for adjusted EPS of between 7.95 dollars and 8 dollars, with segment margins up by 50 bp to 60 bp and revenues between of 41.7 billion and 41.8 billion dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.