Industrial operating profit margins rose by 1.3 percent points, also more than analysts expected, and ahead of the 1 percentage point forecast for the year. Separately, European engineering groups ABB Ltd and Schneider Electric SE are competing for GE's solutions division, which could fetch as much as $3 billion, according to people familiar with the matter. GE said industrial organic revenue, which is from continuing businesses, grew 7 percent in the quarter, a strong showing according to analysts. Analysts expected $26.26 billion, according to Thomson Reuters I/B/E/S. Shares were down 2.3 percent at $29.57 in afternoon trading, making it the second-biggest decliner on the Dow Jones Industrial Average.
referring to
ReutersUPDATE 3-Honeywell profit beats; facebook/" target="_blank">shares hit record high* Q1 adj. Normalized for tax, Honeywell earned $1.66 per share in the first quarter, beating analysts' estimate of $1.62. Revenue fell to $9.49 billion from $9.52 billion, but was above Street's expectation of $9.33 billion. Honeywell already has a portfolio of antennas, routers and other technologies that enhance wireless connectivity onboard an airplane. Honeywell said it saw strong growth in orders in its energy business in China, and the Middle East had a "nice comeback".
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collected by :Jack Luxor
referring to
ReutersUPDATE 3-Honeywell profit beats; facebook/" target="_blank">shares hit record high* Q1 adj. Normalized for tax, Honeywell earned $1.66 per share in the first quarter, beating analysts' estimate of $1.62. Revenue fell to $9.49 billion from $9.52 billion, but was above Street's expectation of $9.33 billion. Honeywell already has a portfolio of antennas, routers and other technologies that enhance wireless connectivity onboard an airplane. Honeywell said it saw strong growth in orders in its energy business in China, and the Middle East had a "nice comeback".
read more visit us profit
collected by :Jack Luxor
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