Honeywell International Inc. (NYSE:HON) unveiled its second quarter earnings results on Friday 24th July 2020 before market open.
The diversified technology and manufacturing giant, reported $ 1.53 income per share for the quarter
On adjusted basis, Honeywell International Inc. reported income for the quarter of $ 1.26 per share, beat the consensus estimate of $ 1.21 income per share by $ 0.05 or 4.13 percent.
The quarterly earnings decreased 27.14 percent compared with the same quarter last year.
The firm had revenue of $ 7,477.00 million for the quarter, compared to the consensus estimate of $ 7289.02 million. The revenues outshined analysts estimates by $ 187.98 million or 2.58 percent.
The financial report showed revenues decreased 19.11 percent versus second quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
Darius Adamczyk, chairman and chief executive officer of Honeywell, said, The second quarter was a challenging one, but we executed on the three things that will enable us to weather this downturn: aggressively managing cost, driving sales growth where demand is strong, and investing in exciting new technologies that, through careful attention to customer and end-user needs, will help keep people safe when they get back to the workplace, back to play, back to travel, and back to life.
