Honeywell says profit and revenue to rise in 2014

December 17, 2013

MORRIS TOWNSHIP, N.J. (AP) -- Honeywell expects profit and revenue to increase next year, though the company's revenue projection fell just shy of Wall Street's and shares slipped in early trading Tuesday.

The industrial conglomerate projected 2014 net income of $5.35 to $5.55 per share on $40.3 billion to $40.7 billion in revenue. Analysts, on average, expect earnings of $5.54 per share on $41.11 billion in revenue, according to FactSet.

Honeywell International Inc. based in Morris Township, N.J., also backed its previous guidance for the current year of $4.90 to $4.95 in earnings and $38.8 billion to $39 billion in revenue. Analysts expect a profit of $4.95 per share on $38.86 billion in revenue.

Shares fell 21 cents to $87.16.