Honeywell Posts Rise In Quarterly Earnings On Lower Sales, Backs 2015 View

By MarketWatch Pulse

Honeywell International Inc. on Friday reported a rise in third-quarter earnings above analyst expectations. Net earnings attributable to the industrial conglomerate came in at $1.26 billion, or $1.60 a share, compared with $1.17 billion, or $1.47 a share, a year ago. Analysts polled by FactSet had expected earnings of $1.55 a share. Net sales fell to $9.61 billion from $10.11 billion in the same period last year. Analysts were looking for sales of $9.85 billion. Honeywell also backed its 2015 earnings forecast of $6.10 a share.

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