Earnings season is in full flow and the industrial heavyweights are all giving reports. General Electric Company, Danaher and Honeywell International
have all recently released their earnings. For want of a better
description, these companies are usually lumped together and called
industrial conglomerates, but Foolish investors will want to know what
makes one more attractive than the other. In other words, why buy a
stock like Honeywell International, rather than General Electric or
Danaher?
Honeywell International raises guidance, sort of
With a diversified industrial with a market cap of $73 billion, it's going to take a pretty seismic change of fortunes within any one industry in order to significantly adjust earnings guidance. This was certainly the case with Honeywell's latest results. Despite, full-year sales guidance being increased by $100 million to $3.9 billion for its transportation unit, the only change to EPS guidance was to see the bottom end raised by $0.05, resulting in a revised full-year guidance of $5.40-$5.55.
With a diversified industrial with a market cap of $73 billion, it's going to take a pretty seismic change of fortunes within any one industry in order to significantly adjust earnings guidance. This was certainly the case with Honeywell's latest results. Despite, full-year sales guidance being increased by $100 million to $3.9 billion for its transportation unit, the only change to EPS guidance was to see the bottom end raised by $0.05, resulting in a revised full-year guidance of $5.40-$5.55.
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