Honeywell's 2015 Sales Outlook Is Below Expectations, But Profit Seen In Line
Honeywell on Monday trimmed its fourth-quarter sales outlook and provided 2015 guidance that was below expectations, although its profit forecast was mostly in line with analyst estimates. For the current quarter, the industrial conglomerate cut its sales outlook to a range of $10.1 billion to $10.2 billion from a range of $10.3 billion to $10.4 billion, but affirmed its earnings-per-share estimate of $1.37 to $1.42. For 2015, the company expects revenue of $40.5 billion to $41.1 billion and per-share earnings of $5.95 to $6.15, compared with the FactSet consensus analyst estimates of $41.97 billion and $6.11, respectively. The stock was still inactive in premarket trade. It has gained 4.9% year to date through Friday, compared with an 8.3% rise in the S&P 500.
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