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Honeywell 2nd-quarter net exceeds forecasts

NEW YORK (MarketWatch) -- Honeywell International Inc., the Morris Township, N.J., company with interests in aerospace, control technologies and specialty materials, reported that second-quarter net income rose 11% on 3.8% higher sales. Earnings reached $902 million, or $1.14 a share, from $810 million, or $1.02, in the year-earlier quarter. Sales were $9.44 billion compared with $9.09 billion. A survey of analysts by FactSet Research produced consensus estimates of $1.11 a share of profit on $9.56 billion of revenue. The company sharpened its full-year outlook, adding a nickel to the bottom end of its forecast of adjusted earnings. The new estimated range is $4.40 to $4.55 a share, compared with FactSet's estimate of $4.49 a share.