Honeywell International Inc. (HON) has announced its third-quarter earnings, which have shown a decline compared to the previous year but outperformed Wall Street projections. The company posted a net income of $1.413 billion, translating to earnings of $2.16 per share. Comparatively, in the third quarter of last year, Honeywell achieved a net income of $1.514 billion, or $2.27 per share. After adjusting for specific items, the company reported earnings of $2.58 per share for the period in review.
This performance exceeded the consensus forecast of $2.50 per share as estimated by analysts polled by Thomson Reuters, who typically exclude special items from their forecasts. In terms of revenue, Honeywell experienced a 5.6% increase, reaching $9.728 billion, up from $9.212 billion in the same quarter the previous year.
A summary of Honeywell International Inc.'s key financial metrics (GAAP basis) for Q3 includes:
- Earnings: $1.413 billion compared to $1.514 billion last year.
- Earnings per Share (EPS): $2.16 compared to $2.27 last year.
- Revenue: $9.728 billion compared to $9.212 billion last year.
