Honeywell Posts Earnings Beat, Reinstates Guidance

Honeywell  (HON) – Get Report on Friday posted third-quarter adjusted earnings that beat analysts’ forecasts and sales ahead of predictions as double-digit growth in its defense and space, warehouse automation and PPE products and services offset a drop in aerospace revenue.

The company also reinstated guidance for its fourth quarter and full year amid expectations that the worst effects for the pandemic are past.

Honeywell posted net income of $781 million, or $1.07 a share, vs. $1.65 billion, or $2.23 a share, in the comparable year-ago period. On an adjusted basis, the company earned $1.56 a share, above the $1.49 a share expected by analysts polled by FactSet. 

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