Honeywell International Inc. (NYSE:HON) released its earnings numbers for the three months through September this morning before the market opened in New York. The diversified technology company showed earnings per share of $1.24 for the period on revenue totaling $9.65 billion. Shares in the company will open later this morning at $86.74.
In the run up to the release of this earnings report analysts following Honeywell International Inc. (NYSE:HON) were expecting earnings of $1.24 per share from the company. Revenue for the third quarter was expected to come in at $9.9 billion. In the third quarter of 2012 Honeywell earned a total of $1.20 per share and took in revenue of $9.2 billion.
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Honeywell International earnings
Honeywell International Inc. (NYSE:HON) earnings have been doing exceptionally well in recent quarters. The firm beat analyst expectations in every single quarter of 2012, and managed to beat expectations in the first two quarters of 2012 as well.
Honeywell is a $68 billion diversified company so it’s amazing that it’s growing at all given the state of the world economy. General Electric Company (NYSE:GE), the biggest Honeywell International Inc. (NYSE:HON) competitor, will also show its earnings report this morning. The company is expected to show flat numbers on a lackluster world economy.
Honeywell International performance
Shares in Honeywell International Inc. (NYSE:HON) have outperformed the market in 2013, adding more than 36% to its value sine January 1. The company’s stock has not moved all that much in the last three months, growing by just 5% in the period. Like the rest of the stock market, the company’s shares were negatively affected by Federal Reserve taper talk.
Executives from Honeywell International Inc. (NYSE:HON) will host an earnings conference call at 9:30 AM this morning. Chief among the discussion topics will be the recent decision by President Obama to remove export limits on military technology. That decision might have a large effect on Honeywell earnings next year.