The industrial conglomerate reported net income of $1.28 a share in the three months to March, 2 cents higher than analysts surveyed by Thomson Reuters had expected.
Revenue of $9.68 billion missed estimates of $9.74 billion.
"Honeywell had a good start to the year with strong margin expansion driving better than expected earnings," said chairman and CEO Dave Cote in a statement.Must Read: Warren Buffett's 10 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates HONEYWELL INTERNATIONAL INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation: "We rate HONEYWELL INTERNATIONAL INC (HON) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
- You can view the full analysis from the report here: HON Ratings Report
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