ALSO IN EARNINGS
- More Asset-Buying Depends on Economy: BOE
- Stocks Sputter as Investors Seek Next Catalyst
- Nissan to Recall 250,000 Cars Globally
- Winners and Losers in Obama's Corporate Tax Plan
- Santorum Takes Heavy Fire in Arizona Republican Debate
- Volcker Rule Threatens Recovery: Finance Ministers
- Next Bank of England Governor: The Race is On
- Peugeot Citroen in Talks With General Motors
- HP, Dell Watch Rising China Labor Costs for Apple
MOST SHARED
- RBS Records $1.2 Billion Loss After Greece Charges
- More Asset-Buying Depends on Economy: Bank of England
- Japan's Sumo Belly Flops to $50 Million Debt
- China Faces Japan-Style Stagnation Without Reform: Lawmaker
- Household Debt, Not Politics, Worry for Australia: Economist
- China Internet Firm Qihoo Says Citron Allegations False
- Break-Up, Greece Cause Huge 2011 Dexia Loss
- Japan Manufacturing Mood Dips to Levels After Quake
- Writedowns Push Deutsche Telekom Into Red
- 7 Undervalued IPO Stocks That Could Rebound in 2012
MOST POPULAR
HOT ON FACEBOOK
Honeywell Beats Estimates as Revenue Surges
Text Size 
Honeywell International, weighed down by pension-related costs, posted a loss for the fourth quarter, but beat Wall Street expectations when one-time costs are removed.
 |
CNBC.com |
Removing costs tied to pension mark-to-market adjustments, earnings were $1.05 per share, edging out analyst expectations by a penny, according to a poll by FacSet.
Revenue rose 8 percent to $9.47 billion from $8.75 billion on increased sales across all of its business segments, led by its performance materials and technologies business.
For the year, Honeywell earned $2.07 billion, or $2.61 per share. That's up 3 percent from $2.02 billion or $2.59 per share, in the previous year. Adjusted earnings were $4.05 per share.
Annual revenue climbed 13 percent to $36.53 billion from $32.35 billion.
Chairman and CEO Dave Cote said that Honeywell expects growth to moderate in the first half of 2012 but that it is confident that it can achieve enough sales to produce higher segment margins over the entire year.
Shares of Honeywell [HON
Loading...
()
] rose 16 cents to $57.99 before the market opened.
Get real-time quotes for Honeywell here.
- The economy is heating up but the Fed isn’t letting up. How do you play the fixed-income market?
- With its rich oil reserves and rampant corruption, Azerbaijan poses a dilemma for U.S. policy makers.
- Business owners should occasionally consider giving their work for free. Here are several reasons why.
- GOP Governor Chris Christie wants Warren Buffett to stop talking about higher taxes on the super-rich.
- There’s a shortage of hotel rooms in London for the Olympics, so many locals are renting out their opulent private homes.
- Boston Beer will be creating a special commemorative brew, the Samuel Adams Boston 26.2, to mark this year's Boston Marathon.
Data is a real-time snapshot *Data is delayed at least 15 minutes
