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Investing.com -- Honeywell (NASDAQ:HON) shares climbed over 2% Thursday as the company lifted its full-year outlook after delivering better-than-expected second-quarter results.
The company reported earnings per share (EPS) of $2.75 for the quarter, surpassing analyst expectations of $2.66.
Revenue rose 8% year-over-year to $10.4 billion, topping the $10.05 billion consensus estimate. Organic sales grew 5%, surpassing the upper end of Honeywell’s prior guidance.
"Honeywell delivered outstanding results in the second quarter with both organic growth and adjusted earnings per share exceeding guidance despite the unpredictable macroeconomic backdrop," said Vimal Kapur, chairman and CEO of Honeywell.
Following the strong quarter, the company lifted its 2025 EPS forecast to a range of $10.45 to $10.65, up from its earlier estimate of $10.20 to $10.50. That compares with the current consensus of $10.40.
Revenue guidance was also raised. Honeywell now expects full-year sales between $40.8 billion and $41.3 billion, an increase from its previous range of $39.6 billion to $40.5 billion. Analysts had projected $40.3 billion.
The company now anticipates organic sales growth of 4% to 5% for the year, narrowing and raising the lower end of its previous 2% to 5% outlook.