Honeywell International Inc. (NYSE: HON) published its earnings report for the fiscal first quarter on Friday that topped analysts’ estimates for profit and sales. The U.S. firm said sales from its aerospace business were lower than expected in Q1.
Honeywell shares remained almost flat in after-hours trading on Friday. The NYSE-listed company is currently trading at a per-share price of £162 per share. In comparison, it had started the year at £149.89 per share after recovering from £81 per share in March 2020. Learn more about how to invest in the stock market.
Honeywell’s Q1 financial results versus analysts’ estimates
Honeywell said that its net income in the first quarter came in at £1.05 billion that translates to £1.46 per share. In the comparable quarter of last year, its net income stood at a higher £1.16 billion, or £1.59 per share.
Adjusted for one-time items, the American multinational conglomerate earned £1.38 per share in Q1. Honeywell valued its sales in the recent quarter at £6.09 billion versus the year-ago figure of a marginally higher $6.10 billion.
Honeywell performed fairly upbeat in the stock market last year with an annual gain of close to 20%. At the time of writing, it is valued at £112.38 billion and has a price to earnings ratio of 33.41.
According to FactSet, experts had forecast the company to post £5.82 billion of sales in the first quarter. Their estimate for adjusted per-share earnings was capped at a lower £1.30. In separate news from the United States, hard disk drive manufacturer Seagate Technology also published market-beating quarterly results this week.
Other notable figures in Honeywell’s earnings report
Other prominent figures in Honeywell’s earnings report on
