April 21 Diversified U.S. manufacturer Honeywell
International Inc reported a 9 percent rise in quarterly
profit, helped by higher-than-expected sales in its aerospace
and energy businesses.
The company raised the low end of its 2017 earnings forecast
by 5 cents to $6.90-$7.10.
Net income attributable to Honeywell increased to $1.33
billion, or $1.71 per share, in the first quarter ended March
31, from $1.22 billion, or $1.56 per share, a year earlier.
Excluding items, Honeywell earned $1.66 per share.
However, revenue fell to $9.49 billion from $9.52 billion.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Martina