$HON Tops Estimates as Profits Rise 10%, Company Expects a ‘Continued Challenging Macro Environment’

“(Reuters) – Diversified U.S. manufacturer Honeywell International Inc reported a 10 percent rise inquarterly earnings as declining natural gas prices helped boost profits at its UOP chemical arm, offsetting weakness in Europe.

The maker of aircraft electronics and building control systems said on Friday that third-quarter earnings came to $950 million, or $1.20 per share, compared with $862 million, or $1.10 per share, a year earlier.

The results came in 6 cents per share ahead of the analysts’ average estimate of $1.14, according toThomson Reuters I/B/E/S.

Honeywell tightened its full-year profit forecast to a range of $4.45 to $4.50 per share. Its previous outlook was $4.40 to $4.55, and analysts had expected $4.50.”

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