Honeywell tops estimates, narrows full-year guidance

Honeywell reported third-quarter net income of $946 million, 9.6% higher than the year-ago quarter, as aerospace, automation and control solutions, and chemicals offset lagging transportation systems sales. Earnings of $1.20/share beat analysts’ consensus of $1.14/share, as reported by Thomson Reuters (New York). Sales were flat, at $9.3 billion. Performance materials and technologies sales increased 1%, to $1.47 billion, on higher licensing and equipment sales in the company’s UOP catalysts business and new products and applications in specialty...

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