$29 Billion Manufacturer Honeywell Reports 17% Revenue Drop

October 23, 2009 at 11:41 am  ·  Category: Macro Economics, Market Commentary, Stocks

Honeywell (HON), a big, diversified manufacturer, reported earnings this morning.  They earned 80 cents a share, beating estimates for 72 cents, but revenues were off 17%, more than $1.5 billion to $7.7 billion.  They cut Selling, General & Administrative expenses by $275 million (21%), saving 36 cents a share for the quarter.

hon-1-year-chart

Disclosure: Top Gun has no position in Honeywell (HON) shares.

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

Leave a Comment

Name required
E-mail required, won't be published
Web site