Honeywell Earnings: Double Digit Profit GROWTH

S&P 500 (NYSE:SPY) component Honeywell International Inc. (NYSE:HON) reported its results for the second quarter. Honeywell International is a technology and manufacturing company which offers aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers and automotive products.

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Honeywell International Inc. Earnings Cheat Sheet

Results: Net income for the diversified operations rose to $902 million ($1.14 per share) vs. $810 million ($1.02 per share) in the same quarter a year earlier. This marks a rise of 11.4% from the year-earlier quarter.

Revenue: Rose 3.8% to $9.44 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Honeywell International Inc. beat the mean analyst estimate of $1.11 per share. Analysts were expecting revenue of $9.56 billion.

Key Stats:

The company has now topped analyst estimates for the last four quarters. It beat the mark by 5 cents in the first quarter, by one cent in the fourth quarter of the last fiscal year, and by 11 cents in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 4.5% to $9.31 billion in the first quarter. The figure rose 4.8% in the fourth quarter of the last fiscal year from the year earlier and climbed 10.8% in the third quarter of the last fiscal year from the year-ago quarter.

Looking Forward: The average estimate for the third quarter is steady at $1.16 a share. The average estimate for the fiscal year is $4.49 per share, a rise from $4.44 ninety days ago.

Competitors to Watch: The Boeing Company, United Technologies Corp., Goodrich Corporation, Esterline Tech. Corp., Triumph Group, Inc., General Electric Company, Rockwell Collins, Inc., HEICO Corporation, and Lockheed Martin Corp.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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