(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.
However, revenue fell to $ 9.49 billion from $ 9.52 billion.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Martina D’Couto)