PHOENIX (AP) — PHOENIX (AP) — Honeywell Aerospace Inc. (HONA) on Wednesday reported second-quarter net income of $246 million.
On a per-share basis, the Phoenix-based company said it had profit of 78 cents. Earnings, adjusted for non-recurring costs, were $1.87 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.07 per share.
The aerospace and defense manufacturer posted revenue of $4.52 billion in the period.
Honeywell Aerospace expects full-year earnings in the range of $7.60 to $7.90 per share.
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