Honeywell (NYSE:HON) reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Honeywell announced earnings per share of $2.21 on revenue of $8.46B. Analysts polled by anticipated EPS of $1.96 on revenue of $8.6B. That with comparison to EPS of $1.92 on revenue of $8.88B in the same period a year before. Honeywell had reported EPS of $2.06 on revenue of $9.5B in the previous quarter. Analysts are expecting EPS of $1.71 and revenue of $8.05B in the upcoming quarter.
Honeywell shares are down 19% from the beginning of the year , still down 22.91% from its 52 week high of $184.06 set on January 17. They are under-performing the S&P 500 which is down 10.24% year to date.
Honeywell follows other major Capital Goods sector earnings this month
Honeywell's report follows an earnings missed by ASML ADR on April 15, who reported EPS of $0.93 on revenue of $2.44B, compared to forecasts EPS of $1.47 on revenue of $3.17B.
Lockheed Martin had beat expectations on April 21 with first quarter EPS of $6.08 on revenue of $15.65B, compared to forecast for EPS of $5.81 on revenue of $15.08B.
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