Honeywell deftly navigates economic pressures to deliver Q3 earnings beat

Club holding Honeywell International reported solid third-quarter results before the opening bell Thursday, a sign of management's competent execution amid a myriad of macroeconomic headwinds. Revenue rose 9% year-over-year organically, to $8.95 billion, shy of analysts' expectations of $8.98 billion, according to estimates compiled by Refinitiv, a result of a stronger U.S. dollar. Adjusted earnings-per-share of $2.25 outpaced the consensus forecast of $2.16 a share.

Operating income climbed 10% year-over-year, to $615 million, ahead of the $607 million consensus estimate. The segment margin grew by 40 basis points year-over-year, to 22.6%. Within the segment, we saw a 6% organic advance in UOP that was compounded by a 6% organic increase in Honeywell Process Solutions and a 33% organic increase in Advanced Materials. Safety and Productivity Solutions Sales fell by 7% year-over-year, to $1.73 billion, below analysts' forecasts of $1.83 billion.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Shell earnings fall 18% as it kicks off $4 billion buybackThe energy giant posted adjusted earnings of $9.45 billion for Q3, down from $11.47 billion in Q2 but beating market expectations of $9.0 billion Come To Minifootball ; Minifootball Token ; Many Exchanges Coming Before Qatar 2022🏆 'Official Contract Address 0xD024Ac1195762F6F13f8CfDF3cdd2c97b33B248b Time to buy
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

Ford CEO Farley explains the business factors behind Argo AI's shuttering | EngadgetShortly after news broke that self-driving subsidiary Argo AI will be closed, Ford CEO Jim Farley spoke during the company's Q3 earnings call about that decision.. translation 'wow, this is much harder than we thought'
Fuente: engadget - 🏆 276. / 63 Leer más »

Ford's earnings beat, significant free cash flow mean we're sticking with the auto stockFord Motor (F) reported an earnings beat for the third quarter, while demonstrating solid free cash flow — a key reason why the Club still backs the automaker. Of not for the F150, Ford would be Found On Road Dead. Wait... Ford 'beat estimates'... Because they had previously LOWERED estimates... lol They LOST 827 Million dollars.
Fuente: CNBC - 🏆 12. / 72 Leer más »