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Honeywell raises guidance, spinoffs on track

Published 08/23/2018, 08:39 AM
© Reuters.  Honeywell raises guidance, spinoffs on track
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  • Honeywell (NYSE:HON) +2.2% premarket after raising its full-year adjusted per-share earnings guidance by $0.05 to reflect current strong end markets, a growing backlog and the impact of an accounting change related to Bendix asbestos liabilities.
  • The company now expects full-year EPS to range from $8.10 to $8.20.
  • It also announced that Garrett Motion, the spinoff of its Transportation Systems business, and Resideo Technologies, the spinoff of its Homes and ADI Global Distribution business are on track.
  • Now read: Boeing (NYSE:BA) - Delivering Where It Matters


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