MORRIS TOWNSHIP, N.J. ( TheStreet) -- Honeywell ( HON) shares rose in after-hours trading after the industrial conglomerate said it was raising its first-quarter earnings guidance to 45 cents to 49 cents a share.

Honeywell said its improved outlook, from a previous first-quarter projection of 40 cents to 45 cents a share, reflects both stronger orders and sales in several of its businesses, including its turbo technologies and select automation and controls solutions products operations.

"We continue to see signs of recovery throughout our portfolio and are encouraged by improving customer order trends in the first quarter," said Honeywell Chairman and CEO Dave Cote, in a statement.

Honeywell said it expects full-year earnings to be at the high end of its guidance range of $2.20 to $2.40 a share.

Analysts polled by Thomson Reuters, prior to the Honeywell announcement, forecast first-quarter profit of 44 cents a share and full-year profit of $2.40 a share.

The company also said it would record a first-quarter charge of $13 million resulting from the recent overhaul of health care legislation.

Honeywell shares rose $1.15, or 2.6%, to $46.10 in after-hours trading Tuesday.

-- Reported by Joseph Woelfel in New York.

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