Diversified technology and manufacturing company Honeywell International, Inc. (HON) reported a rise in first-quarter 2013 net income attributable to the company to $966 million, or $1.21 per share, from last year's $823 million, or $1.04 per share. On average, 23 analysts polled by Thomson Reuters expected earnings per share of $1.14 for the quarter. Analysts' estimates typically exclude one-time items.
The firm clocked sales of $9.33 billion for the quarter, almost flat with the prior year, while 21 analysts estimated revenues of $9.44 billion for the quarter.
The company is updating its full-year 2013 forecast, now expecting proforma earnings per share between $4.80 and $4.95, versus its earlier $4.75 - $4.95 range. Sales for the year is currently projected to lie between $38.8 billion and $39.3 billion, compared with its prior range of $39.0 billion - $39.5 billion. Analysts estimate full-year earnings per share of $4.94 and revenues of $39.38 billion.
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