Industrial firm Honeywell International reported third-quarter earnings that beat estimates. Guidance was fine, too.
Honeywell also narrowed the earnings-per-share guidance range for 2023 to $9.10 to $9.20, keeping a midpoint of $9.15. That implies fourth-quarter earnings per share of about $2.60, while the consensus estimate is just under $2.60, according to FactSet. Management’s goal for segment operating-profit margins is 25%. This year, Honeywell is expected to produce average profit margins of about 22.5%.
Newsletter Sign-up Through Wednesday’s close, Honeywell stock is down about 6% over the past 12 months, while the S&P 500 and Dow Jones Industrial Average are up about 9% and 4%, respectively.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Honeywell Reports Earnings Soon. What to Expect.After a relatively weak year for the stock, investors will be hoping for a post-earnings bounce.
Läs mer »
Trading Earnings Season: 3 Steps for Using Earnings ReportsLearn how to trade earnings season, with tips on choosing companies and researching market conditions to establishing a strategy.
Läs mer »
Meta to report third-quarter earnings after the bellWall Street is expecting Meta to show accelerating revenue growth after a tough stretch for the company's advertising business
Läs mer »
Meta to report third-quarter earnings after the bellWall Street is expecting Meta to show accelerating revenue growth after a tough stretch for the company’s advertising business
Läs mer »
Meta to report third-quarter earnings after the bellWall Street is expecting Meta to show accelerating revenue growth after a tough stretch for the company’s advertising business
Läs mer »