Honeywell profit marginally beats expectations

Roslan Rahman | AFP | Getty Images

Honeywell International reported a better-than-expected quarterly profit, as an improving U.S. economy helped boost sales at the company's division that makes sensors, safety systems and air conditioning equipment.

But total revenue fell 1.1 percent to $10.27 billion in the fourth quarter ended Dec. 31 as sales in the company's aerospace division fell 5.8 percent to $3.84 billion.

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Sales in Honeywell's automation and control business increased 2.8 percent to $3.85 billion.

Net income attributable to Honeywell rose to $956 million, or $1.20 per share, from $947 million, or $1.19 per share, a year earlier.

Excluding items, the company earned $1.43 per share.

Analysts on average had expected $1.42 per share, according to Thomson Reuters I/B/E/S.

Honeywell shares were up 1.5 percent at $100.90 in premarket trading.