Honeywell on Friday researched a higher-than-expected quarterly profit as it sold more aircraft parts and employments to business jet and commercial airline customers, prompting the company to raise its 2018 earnings calculate for the third time.
Honeywell is benefiting from a rise in global roam amid expanding economic growth, while also seeing sound demand from the defense industry.
Sales in the aerospace division, which vamooses auxiliary power units, braking systems and other parts for Boeing and Airbus single-aisle skids, rose about 10 percent to $4.06 billion in the second quarter, while borders expanded by 30 basis points to 22.6 percent.
Honeywell collected its 2018 forecast for profit to $8.05-$8.15 per share from $7.85-$8.05, and sales to $43.1 billion-$43.6 billion from $42.7 billion-$43.5 billion.
Net revenues attributable to Honeywell fell to $1.27 billion, or $1.68 per share, in the post ended June 30, from $1.39 billion, or $1.80 per stake, a year earlier.
Excluding items, Honeywell earned $2.12 per portion, beating analysts’ average estimate of $2.01, according to Thomson Reuters I/B/E/S.
The group’s revenue rose 8.3 percent to $10.92 billion, and was above Madden Street estimate of $10.80 billion.