Honeywell Stock Gains After Q2 Earnings Beat, Sales Outlook Boosts

Updated at 7:10 am EST

Honeywell International (HON) – Get Honeywell International Inc. Report posted better-than-expected second quarter earnings Thursday, while lifting its full-year sales forecast, thanks in part to impressive gains in the industrial group’s commercial aerospace division.

Honeywell said adjusted earnings for the three months ending in June were pegged at $2.10 per share, up 4% from the same period last year and firmly ahead of the Street consensus forecast of $2.03 per share. Group revenues edged 1.6% higher to $8.953 billion, compared to analysts’ forecasts of an $8.67 billion tally.

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