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Profit of the American company, Honeywell International Inc., exceeded market expectations in the last quarter of 2018. The corporation's net income rose to $1.72 billion, or $2.31 per share, against a loss of $2.51 billion, or $3.32 per share. According to forecasts, earnings should have grown to $1.86 per share. Honeywell reduced revenue by 10% to $9.73 billion. Organic sales growth was 6%. The aerospace engineering division increased sales by 10%. Sales growth in the field of automation industry amounted to 15%. In 2018, the company earned $41.8 billion in revenue, or just over $9 per share. According to Honeywell, in 2019 earnings per share will stop at around $7.8-8.1 per share. Revenue will grow to $36-36.9 billion, and organic sales growth – 2-5%. During last bidding, the company's shares added 1.6%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Tuesday, Snap Inc.’s (SNAP.N) stock price declined by more than 11% in after-hours trading as investors digested the company’s user and revenue growth after its second-quarter earnings report. The social media company reported ...
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