REUTERS: Honeywell International Inc on Thursday reported a better-than-expected quarterly profit and raised its full-year financial forecast as a boom in air travel drove demand for its aircraft parts used in the commercial airline industry.
The company now expects 2019 sales of US$36.5 billion and US$37.2 billion, up from US$36.0 billion to US$36.9 billion. Profit forecast was raised to a range of US$7.90 to US$8.15 from a range of US$7.80 to US$8.10 per share.
Honeywell earned US$1.92 per share in the first quarter, beating analysts' average estimate of US$1.83 per share, according to IBES data from Refinitv.
(This story has been refiled to fix typo in lead)
(Reporting by Ankit Ajmera in Bengaluru)