Honeywell (HON: Quote) 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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by RTT Staff Writer
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