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Honeywell wins profit estimates, lifts full-year predictions

collected by :Victor Alphen

It now expects sales of $39.3 billion to $40 billion, up from its previous forecast of $38.6 billion to $39.5 billion.

Sales in Honeywell’s PMT unit, which makes catalysts and adsorbents used for petroleum refining, dropped about 8 percent to $2.24 billion in the quarter.
Net income attributable to Honeywell increased 5.5 percent to $1.39 billion, or $1.80 per share, above expectations of $1.78 per share.
Honeywell is reviewing Loeb’s demand and the company is expected to announce a decision by early fall.
FILE PHOTO: A view of the corporate sign outside the Honeywell International Automation and Control Solutions manufacturing plant in Golden Valley, Minnesota, January 28, 2010.

according to

Total payments volume rose 38.4 percent to $1.860 trillion on a constant dollar basis.
Visa Inc , the world’s largest payments network operator, on Thursday reported a better-than-expected quarterly profit and raised its full-year earnings forecast, as more people made payments using its network.
Total operating revenue rose 26 percent to $4.57 billion in the third quarter, edging past analysts’ estimates of $4.36 billion.
The company said it now expects annual adjusted earnings per share to grow about 20 percent.
Visa’s results in the prior-year quarter included expenses of nearly $1.9 billion related to its acquisition of Visa Europe.
Visa beats profit estimates, raises earnings forecast

according to

General Electric wins two Q profit predictions  in spite of  lower

Access a Zacks stock report on GE at https://www.zacks.com/ap/GE_____Keywords: General Electric, Earnings Report, Priority Earnings
This Tuesday, Jan. 17, 2017, photo shows a General Electric light bulb display at a store, in Wilmington, Mass.
21, 2017 8:15 amNEW YORK (AP) — General Electric Co. (GE) on Friday reported dip in second-quarter profit and revenue on lackluster performance from its energy connections unit.
General Electric Co. reports earnings, Friday, July 21, 2017.
The Boston-based company reported a 53 percent drop in profit to $1.37 billion, or 13 cents per share.
GE beats

 

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