>>> Honeywell beats by $0.06, reports revs in-line; raises FY14 guidance, in-lin

Honeywell beats by $0.06, reports revs in-line; raises FY14 guidance, in-line (86.39)
Reports Q3 (Sep) earnings of $1.47 per share, including $0.04 from a lower tax rate, $0.06 better than the Capital IQ Consensus of $1.41; revenues rose 4.8% year/year to $10.11 bln vs the $10.04 bln consensus.
  • Aerospace: sales ~flat, profit +8%
  • Automation and Control Solutions: sales +9%, profit +11%
  • Performance Materials and Tech: sales +7%, profit +8%
Co issues guidance for FY14, raises EPS to $5.50-5.55 from $5.45-5.55 vs. $5.54 Capital IQ Consensus; FY14 revs to $40.3-40.4 bln from $40.2-40.4 bln vs. $40.39 bln Capital IQ Consensus; segment margin to ~17% from 16.8-17%.