logo
  

Honeywell Again Boosts FY21 Outlook - Quick Facts

While reporting financial results for the second quarter on Friday, technology company Honeywell international Inc. (HON) raised its adjusted earnings and sales guidance for the full-year 2021, based on the second-quarter performance and management's outlook for the remainder of the year.

For fiscal 2021, the company now projects adjusted earnings in a range of $7.95 to $8.10 per share on sales between $34.6 billion and $35.2 billion, representing a year-over-year organic sales growth of 4 to 6 percent.

Previously, the company expected adjusted earnings in the range of $7.75 to $8.00 per share on sales between $34.0 billion and $34.8 billion, representing a year-over-year organic sales growth of 3 to 5 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $8.01 per share on sales of $34.93 billion for the year. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter has rolled out the tipping feature called "Tips" for everyone around the globe using the microblogging site with more payment options to choose from, including cryptocurrencies such as Bitcoin. This is a new way for people to receive and show support on Twitter with money. The feature is currently available on iOS and will be available on Android over the coming weeks. Amazon.com has launched weekly Max-Your-Vax Sweepstakes to encourage their employees to get vaccinated against COVID-19. The sweepstakes began on August 6, 2021 and ends on October 21, 2021, with six draws during the sweepstakes period for 18 prizes worth nearly $2 million, including cash prizes, new vehicle or cash and vacation plus 40 hours of Paid Time Off. Target Corp. announced its plans to hire 100,000 seasonal team members at its stores across the country for this holiday shopping season, though fewer than previous years. With this, the company aims to invest in more flexible scheduling, training, pay and benefits for its existing team members. In a statement, the company said it is also offering around 5 million more hours to its existing staff.
Follow RTT