Honeywell Sees 2015 EPS Spurred by Cost Cuts as Euro Weakens
This article is for subscribers only.
Honeywell International Inc. is counting on cost-cutting to help boost earnings per share next year by as much as 12 percent as a weak euro and falling oil prices throttle sales growth.
Honeywell predicted earnings of $5.95 to $6.15 a share in 2015, up from $5.50 to $5.55 expected this year. Sales are forecast to grow as little as 1 percent to $40.5 billion to $41.1 billion, the Morris Township, New Jersey-based company said today during a conference call with analysts.