Honeywell Misses on Q3 Revenue, Meets on EPS
Honeywell brought in a quarter that met, or modestly exceeded, expectations. The company announced that its Q3 sales were nearly $9.6 billion, up from the $9.3 billion in the same period the previous year. Attributable net profit also advanced, coming in at $990 million ($1.24 per diluted share) from Q3 2012's $950 million ($1.21).
Analysts had been expecting revenue of $9.9 billion and EPS of $1.24.
Honeywell also tweaked its forward guidance. For the entirety of fiscal 2013, sales are now anticipated to be $38.8 billion to $39.0 billion, a slight downward shift from the prior estimate of $38.9 billion to $39.3 billion. The company boosted the bottom end of its EPS estimate for the year to $4.90, from the former $4.85. The upper end of the range remains $4.95.
The article Honeywell Misses on Q3 Revenue, Meets on EPS originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Honeywell. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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