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.
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.
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.