For the second quarter, Honeywell International (HON) saw a rise in net income.
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Earnings and Revenue
The company managed to beat EPS estimates, though the company's revenues failed to top expectations. The company reported EPS of $1.14 a share versus the $1.11 a share estimate and revenues of $9.44 billion versus the $9.56 billion estimate. The company's reported EPS came in above the high estimate of 14 analysts of a profit of $1.13.
The company's net income for the quarter rose 11.4% to $902 million. Revenue climbed 3.8% from $9.09 billion in the same period last year.
Company Fundamental Trends
The company's revenue has grown during at least each of the past four quarters on a year-over-year basis.
History Against Expectations
The company has now topped analyst estimates for at least the last four quarters. It beat by 5 cents in the first quarter, one cent in the fourth quarter of the last fiscal year and 11 cents in the third quarter of the last fiscal year.
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.