Honeywell sees Q3 profit at high end of range
(Reuters) - Diversified manufacturer Honeywell International Inc <HON.N> said on Thursday its third-quarter earnings will likely be at the high end of its forecasted range of 96 cents per share to $1.01 per share.
The maker of cockpit electronics, auto products and control systems for buildings, also repeated its July forecast that calls for 2011 proforma earnings of $3.85 a share to $4 a share on sales of $36.1 billion to $36.7 billion.
Analysts, on average, expect Honeywell to earn $1.00 per share in the third quarter and $3.97 a share for the year, according to Thomson Reuters I/B/E/S.
Honeywell's reaffirmation of earnings targets comes as a peer United Technologies Corp <UTX.N>, set a $16.5 cash deal to buy Goodrich Corp <GR.N> to build critical mass in the aerospace market.
(Reporting by Nick Zieminski, editing by Gerald E. McCormick)