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Margin Growth Boosts Honeywell Earnings; Full-Year Sales Forecast Trimmed

Honeywell International Inc. (NYSE: HON) reported third-quarter 2015 results before markets opened Friday. The conglomerate posted adjusted diluted earnings per share (EPS) of $1.57 on revenues of $9.61 billion. In the same period a year ago, the company reported EPS of $1.43 on revenues of $10.11 billion. Third-quarter results also compare to the Thomson Reuters consensus estimates for EPS of $1.55 and $9.85 billion in revenues.

The company also revised its fiscal 2015 guidance. Adjusted EPS is now forecast to rise by about 10% to a total of $6.10, compared with a prior estimate of $6.05 to $6.15. The sales projection was cut 4% from a prior range of $39.0 billion to $39.6 billion to a new total of approximately $38.7 billion. Honeywell also raised...


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