Honeywell’s stock rises after sales beat estimates on aerospace strength
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Honeywell International (NASDAQ:HON) rose in premarket trading after the industrial companyâs Q1 sales rose more than estimated on the strength of its aerospace unit. Shares advanced 2.4% to $195.53 by 11:11 a.m. ET.
Its profit rose 23% to $1.39 billion â or $2.07 a share â from $1.13 billion a year earlier. The average estimate among Wall Street analysts was $1.92 a share. Sales climbed 6% to $8.86 billion to the consensus estimate of $8.51 billion.

Honeywell (HON) raised its sales guidance to a range of $36.5 billion to $37.3 billion from the previous range of $36 billion to $37 billion.
"We are well-positioned to continue outperforming despite an uncertain macroeconomic environment," Darius Adamczyk, CEO of Honeywell, said in a statement. "Our continued focus on commercial excellence and productivity enabled us to remain ahead of the inflation."

Aerospace sales advanced by 13% with the recovery in demand for air travel, while its performance materials and technologies segmentâs sales rose 12%. Building technologies sales increased 4%. Its safety and productivity solutions business declined 13% from a year earlier.
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