Reuters

(Reuters)

Honeywell Profit Rises 24.9% as Costs Fall

Industries Reuters

Honeywell International, a U.S. manufacturer of aerospace parts and climate control systems, reported a 24.9 percent rise in quarterly profit, helped by lower costs.

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The company's expenses fell about 8.6 percent to $6.92 billion in the fourth quarter ended Dec. 31.

Net income attributable to Honeywell rose to $1.19 billion, or $1.53 per share, in the quarter from $956 million, or $1.20 per share, a year earlier.

Revenue fell 2.8 percent to $9.98 billion.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Maju Samuel)

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