Honeywell’s profit rises 9 percent


(Reuters) – Diversified U.S. manufacturer Honeywell International Inc (HON.N) reported a 9 percent rise in quarterly profit, helped by higher-than-expected sales in its aerospace and energy businesses.

The company raised the low end of its 2017 earnings forecast by 5 cents to $ 6.90-$ 7.10.

Net income attributable to Honeywell increased to $ 1.33 billion (1.03 billion pounds), or $ 1.71 per share, in the first quarter ended March 31, from $ 1.22 billion, or $ 1.56 per share, a year earlier.

Excluding items, Honeywell earned $ 1.66 per share.

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However, revenue fell to $ 9.49 billion from $ 9.52 billion.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Martina D’Couto)


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