FX.co ★ Honeywell International Inc. Q1 Profit Increases, beats estimates

Honeywell International Inc. unveiled its first-quarter earnings, which not only increased from the same quarter of last year but also surpassed the estimates of the Street.

The company's earnings stood at $1.46 billion, or $2.23 per share, as compared to $1.39 billion, or $2.07 per share during the first quarter of the previous year.

When special items are excluded, Honeywell reported adjusted earnings of $2.25 per share for the quarter.

According to the consolidated figures from Thomson Reuters, analysts on average expected the company to earn $2.17 per share. It's worth noting that analysts' estimations typically leave out special items.

Honeywell's revenue for the quarter escalated by 2.8%, standing at $9.11 billion, up from $8.86 billion in last year's same quarter.

A glance at Honeywell International Inc's GAAP Earnings would show:

- First Quarter Earnings: $1.46 billion compared to $1.39 billion in the previous year.

- EPS for the First Quarter: $2.23, up from $2.07 last year.

- Revenue for the First Quarter: $9.11 billion compared to $8.86 billion last year.

Additionally, Honeywell has provided their guidance for the full year, with EPS and revenue forecasts ranging from $9.80 - $10.10 and $38.1 - $38.9 billion respectively.