Honeywell expect revenue to grow as economy recovers
By APMonday, February 22, 2010
Honeywell expects revenue to grow
MORRIS TOWNSHIP, N.J. — Manufacturing conglomerate Honeywell International Inc. said Monday it is “ready for economic recovery” and expects about 6 percent to 8 percent compound annual sales growth over the next five years.
Analysts expect the company to post revenue of $31.82 billion in 2010, according to a Thomson Reuters survey. Based on 2009 sales of $30.9 billion Honeywell reported last month, this would be an increase of about 3 percent year over year.
The company’s profit outlook is for $2.20 and $2.40 per share for the year. Analysts expect $2.38 per share.
Shares closed down 7 cents at $40.15.
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