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Reply #115: Honeywell 4Q Profit Rises 17.8 Percent [View All]

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citizen snips Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-25-08 05:03 PM
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115. Honeywell 4Q Profit Rises 17.8 Percent
NEWARK, N.J. (AP) -- Diversified manufacturer Honeywell International Inc. reported a 17.8 percent rise in fourth-quarter profit while recording growth in all four of its business segments. Its stock rose more than 3 percent Friday.

The Morris Township-based company late Thursday said it earned $689 million, or 91 cents per share, for the three months that ended Dec. 31, up from $585 million, or 72 cents per share, a year earlier.

The company had projected net income of 89 cents to 91 cents a share, while analysts surveyed by Thomson Financial were expecting 91 cents a share.

Fourth-quarter sales gained 12.1 percent to $9.28 billion from $8.28 billion in the same period a year ago. The analysts had projected sales of $8.94 billion.

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