Honeywell stock jumps 2.5% premarket after company beats earnings estimates and raises guidance

Honeywell International Inc.’s stock HON rose 2.5% in premarket trade Thursday, after the aerospace and defense company beat estimates for the first quarter and raised its guidance. The Charlotte, N.C.-based company posted net income of $1.408 billion, or $2.07 a share, for the quarter, up from $1.134 billion, or $1.64 a share, in the year-earlier period. Adjusted per-share earnings also came to $2.07, ahead of the $1.93 FactSet consensus. Sales climbed to $8.864 billion from $8.

408 billion, or $2.07 a share, for the quarter, up from $1.134 billion, or $1.64 a share, in the year-earlier period. Adjusted per-share earnings also came to $2.07, ahead of the $1.93 FactSet consensus. Sales climbed to $8.864 billion from $8.376 billion, also ahead of the $8.514 billion FactSet consensus. The company’s backlog rose to $30.3 billion, up 6% from a year ago.

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