trending Market Intelligence /marketintelligence/en/news-insights/trending/4LiapKUTsQHV-BvRnL6ipA2 content esgSubNav
In This List

Honeywell International Q3 profit climbs 9.6% YOY

Blog

Netflix amortized content spend estimated at $13.6 billion in 2021

Blog

Live TV still dominates most TV viewing in Asia

Blog

Middle East & Africa M&A by the Numbers: Q2 2021

Blog

Insight Weekly: SPAC momentum builds on; higher rates fear; copper prices rebound


Honeywell International Q3 profit climbs 9.6% YOY

Honeywell International Inc. said its normalized net income for the third quarter was $1.34 per share, compared with the S&P Capital IQ consensus estimate of $1.55 per share.

EPS increased 10.4% year over year from $1.21.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.05 billion, an increase of 9.6% from $962.5 million in the year-earlier period.

The normalized profit margin climbed to 11.0% from 9.5% in the year-earlier period.

Total revenue fell 4.9% year over year to $9.61 billion from $10.11 billion, and total operating expenses fell 7.3% from the prior-year period to $7.86 billion from $8.47 billion.

Reported net income rose 8.1% from the prior-year period to $1.26 billion, or $1.60 per share, from $1.17 billion, or $1.47 per share.