Honeywell's profit rises 10 percent

Reuters

Diversified U.S. manufacturer Honeywell International Inc reported a 10 percent rise in quarterly earnings as declining natural gas prices helped boost profits at its UOP chemical arm, offsetting weakness in Europe.

The maker of aircraft electronics and building control systems said on Friday that third-quarter earnings came to $950 million, or $1.20 per share, compared with $862 million, or $1.10 per share, a year earlier.

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(Reporting by Scott Malone; Editing by Lisa Von Ahn)