Honeywell Beats Profit Estimates on Aviation Boost
On Thursday, Honeywell International Inc., a subsidiary of Honeywell Automation Inc., reported a third-quarter profit that was better than expected, driven by strong results in its aviation business. Organic sales in Honeywell’s aerospace business increased 18% in the quarter. Earnings per share (EPS) for the quarter came in at $0.27, while analysts expected earnings of…