Investing.com - Honeywell (NYSE:HON) reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Honeywell announced earnings per share of $2.06 on revenue of $9.50B. Analysts polled by Investing.com anticipated EPS of $2.04 on revenue of $9.61B. That with comparison to EPS of $1.91 on revenue of $9.73B in the same period a year before. Honeywell had reported EPS of $2.08 on revenue of $9.09B in the previous quarter. Analysts are expecting EPS of $2.03 and revenue of $9.11B in the upcoming quarter.
Honeywell shares are up 0.76% from the beginning of the year , still down 3.11% from its 52 week high of $184.06 set on January 17. They are broadly in line with the S&P 500 which is up 1.18% year to date.
Honeywell follows other major Capital Goods sector earnings this month
Honeywell's report follows an earnings missed by Boeing on Wednesday, who reported EPS of $-2.33 on revenue of $17.91B, compared to forecasts EPS of $0.6 on revenue of $21.65B.
United Technologies had beat expectations on Tuesday with fourth quarter EPS of $1.94 on revenue of $19.55B, compared to forecast for EPS of $1.84 on revenue of $19.4B.
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