MORRISTOWN (dpa-AFX) - While reporting financial results for the first quarter on Friday, technology company Honeywell international Inc. (HON) raised its adjusted earnings and sales guidance for the full-year 2021, based on the first-quarter performance and management's outlook for the remainder of the year.
For fiscal 2020, the company now projects adjusted earnings in a range of $7.75 to $8.00 per share on sales between $34.0 billion and $34.8 billion, representing a year-over-year organic sales growth of 3 to 5 percent.
Previously, the company expected adjusted earnings in the range of $7.60 to $8.00 per share on sales between $33.4 billion and $34.4 billion, representing a year-over-year organic sales growth of 1 to 4 percent.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.90 per share on sales of $34.33 billion for the year. Analysts' estimates typically exclude special items.
Copyright RTT News/dpa-AFX
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