- The Richest Members of the US Congress
- New Consensus Sees Stimulus Package as Worthy Step
- Black Friday Deals May Not Signal Retail Comeback
- Thanksgiving Week Stuffed With Economic News
- UPS Sets New Rates For 2010
- Wall Street Jobs Slow to Return Despite Record Profits
- Investors to Goldman: Be Less Greedy
- Victoria's Secret Hopes to Rekindle Desire for Lingerie
- 'New Moon' Takes Record $72.7M Box Office Bite
- How Stock Investors Can Play Holiday Travel
- Time Lapse World Series Is A Great Play
- Hirschhorn: Greed...or Fear
- My Top 10 Tech Toys for the Holidays
- iPhone a Better Gaming Platform Than Android?
- May Day For Dendreon
- 100% Mortgage Financing From USDA
- Holiday Tipping: Who And How Much
- Deep Discounts Should Make It a Very Tech-y Holiday
MOST SHARED
- Analyze This?
- Realty Check: USDA Home Loans
- Dems Snare 60 Votes to Move Ahead on Health Care
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Health Care Bill Nears Test Vote
- Warren Buffett and Bill Gates: Keeping America Great
- 100% Mortgage Financing From USDA
- How Stock Investors Can Play Holiday Travel
- Sanofi-Aventis Falling Off a Patent Cliff?
Text Size 
Diversified manufacturer Honeywell International, the world's leading maker of cockpit electronics, Monday reaffirmed its sales and profit forecasts for the year, and said US economic weakness so far has had minimal impact on its businesses.
"We feel pretty good about where we are," CEO Dave Cote told an electrical industry conference in Florida. "The aerospace cycle looks good over the next four or five years."
Honeywell [HON
Loading...
()
] said in presentation materials it expects 2008 sales in a range of $36.8 billion to $37.4 billion, and earnings per share of $3.70 to $3.80.
Asked about the impact of a possible US recession on Honeywell's range of businesses, Cote said: "If this is as bad as a recession gets for us, then this isn't going to be so bad at all."
Other than orders tied to new construction, Honeywell has seen "almost no diminution in order trends."
He added the company tried to budget conservatively for costs and new investments in case the economy slows appreciably, but "so far we really haven't seen it."
Honeywell shares edged downward in premarket trading.
Print
Email
- Technology can make or break a fortune in the world of alternative energy.
- Many people are facing the holidays with substantially smaller incomes. Here’s how some are adapting.
- Jim Cramer is a proponent of stocks that pay healthy dividends, and here are his top five dividend plays.
- From salt, to lip balm to envelopes, it turns out that bacon flavoring can sell almost anything.
- The homebuyer's tax credit jacked sales for a while, but 2010 is looking weak. Now what?
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes