Honeywell: raises outlook after 'very strong start' to 2019
(CercleFinance.com) - On Thursday US conglomerate Honeywell announced Q1 results that exceeded the top of its guidance range, with the group raising its full-year forecasts.
The company - which makes aerospace products and control technologies for buildings and industry - said that first-quarter profit increased to 1.92 dollar per share, from 1.89 dollar per share a year earlier.
This is seven cents above the top of its first-quarter guidance.
However, revenue fell 15% to 8.9 billion dollars.
"We are very pleased with the start to 2019," the group said, noting that organic sales growth was "strong" in all segments.
The company raised its full-year EPS forecast to a new range of 7.90 dollars to 8.15 dollars, with organic sales growth now expected in a range of 3% to 6%.
Its shares were up 1.3% in pre-market trading.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The company - which makes aerospace products and control technologies for buildings and industry - said that first-quarter profit increased to 1.92 dollar per share, from 1.89 dollar per share a year earlier.
This is seven cents above the top of its first-quarter guidance.
However, revenue fell 15% to 8.9 billion dollars.
"We are very pleased with the start to 2019," the group said, noting that organic sales growth was "strong" in all segments.
The company raised its full-year EPS forecast to a new range of 7.90 dollars to 8.15 dollars, with organic sales growth now expected in a range of 3% to 6%.
Its shares were up 1.3% in pre-market trading.
Copyright (c) 2019 CercleFinance.com. All rights reserved.