Global diversified technology and manufacturing firm Honeywell International Inc HON has a balanced mix of long and short-cycle businesses. With a flexible yet disciplined focus on cost and productivity, HON remains focused on increasing its presence in high-growth regions.However, despite HON's proactive restructuring initiatives, it is yet to witness signs of stabilization in a number of its major end markets. As the extent of competition is increasing over time, investors have been eagerly awaiting for the company's latest earnings report. In the last four trailing quarters, HON has reported a positive average earnings surprise of 0.69%, beating the earnings estimates on every occasion.Currently, HON has a Zacks Rank #2 (Buy), but that could definitely change following the first-quarter earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:Earnings: HON beats on earnings. The Zacks Consensus Estimate called for EPS of $1.50, and the company reported adjusted EPS of $1.53.Revenue: Revenues beat. HON posted revenues of $9,522 million, compared with the Zacks Consensus Estimate of $9,376 million.Key Stats to Note: HON aims to improve its revenues and margins in the upcoming quarters on the back of greater business internationalization, new innovations and product portfolio solidification. Based on the favorable business conditions, the company has revised its full year 2016 revenue guidance to the range of $40.3-$40.9 billion from $39.9-$40.9 billion. While whole year adjusted earnings are expected to lie within the range of $6.55-$6.70 pet share against the previous projection of $6.45-$6.70.Stock Price: Shares prices were significantly up in pre-market trading following the earnings release.Check back our full write up on this HON earnings report later!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HONEYWELL INTL (HON): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research