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Honeywell International Inc. Message Board

  • adspatz adspatz Jul 22, 2013 11:26 AM Flag

    Honeywell beats analyst earnings projections

    Search for "SEC Live Filings Digest" to find out more.
    Honeywell International (HON) announced its earnings for second quarter this fiscal year, reporting earnings per share of $1.28, beating analyst expectations by $0.07 per share. The company reported revenues of $9.44B, slightly down from this quarter last year of $9.70B. Despite positive financial results and performance, allegations that its emergency locator transmitter could be linked to aircraft fires, most recently in a Boeing (BA) 787 at London Heathrow Airport. With the company’s increased performance, it has also increased its annual and Q3 guidance, now projecting $4.85 to $4.95 earnings per share for the year and $1.20 to $1.25 earnings per share for third quarter.

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    • The revenues didn't "beat," thus an earnings beat likely came from cost cutting rather than growth. I didn't have a position in HON at the time of the report, but traded it successfully after the report (in both directions). BTW, there was at least one downgrade of HON yesterday and that may only be interrupted briefly if there is any upside bounce due to BA. HON could have problems that BA doesn't.

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