Honeywell 2Q profit climbs 7.6 percent

The Associated PressJuly 18, 2014 

— Honeywell International Inc. (HON) on Friday reported profit that climbed by 7.6 percent in its second quarter, and topped analysts' expectations.

The Morristown, New Jersey-based company said profit increased to $1.1 billion, or $1.38 per share, from $1.02 billion, or $1.28 per share, in the same quarter a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for profit of $1.36 per share.

The company said revenue climbed 5.8 percent to $10.25 billion from $9.69 billion in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $10.17 billion, according to Zacks.

Honeywell shares have increased $3.80, or 4.2 percent, to $95.17 since the beginning of the year, while the Standard & Poor's 500 index has climbed 5.9 percent. The stock has climbed $12.20, or 15 percent, in the last 12 months.

This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full HON report: http://www.zacks.com/ap/HON

Keywords:Honeywell,Earnings Report

Modesto Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service