Honeywell (HON) reported an improvement in its second-quarter 2012 net income attributable to the company to $902 million or $1.14 per share from $810 million or $1.02 per share last year. On average, 20 analysts polled by Thomson Reuters expected earnings per share of $1.12 for the quarter. Analysts' estimates typically exclude one-time items.
Sales for the recent quarter were $9.435 billion, up 4% from $9.09 billion in the comparable period. Analysts estimated revenues of $9.56 billion for the quarter.
For full year 2012, the company adjusted its proforma earnings per share guidance to $4.40 - $4.55, from its earlier forecast of $4.35 - $4.55, whereas 22 analysts project earnings of $4.49 per share for 2012.
Full-year sales are now expected to range between $37.8 billion and $38.4 billion, versus its previous range of $38.0 billion - $38.6 billion. Analysts anticipate 2012 revenue of $38.44 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.