Honeywell (HON) Reports Mixed First Quarter

NEW YORK (TheStreet) -- Honeywell (HON) reported a mixed first quarter, beating earnings estimates but falling short of revenue forecasts. 

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. 

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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."

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