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Honeywell Earned More Than Wall Street Expected. Here’s What That Means for Its Rivals.

Al Root

The industrial conglomerate (ticker: HON) reported second-quarter earnings of $2.10 a share and $9.2 billion in sales. Earnings per share beat Wall Street predictions by about 2 cents. Management now expects to earn roughly $8.05 a share in 2019, although Wall Street believes the company can earn $8.11, meaning analysts are still a little more optimistic than management.