Honeywell’s 2011 Profit Projection Trails Estimates
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Honeywell International Inc., the maker of car turbochargers and aircraft parts, forecast a 2011 earnings increase that trailed analysts’ estimates.
Adjusted profit next year may climb to $3.50 to $3.70 a share, from a projected $2.98 a share this year, the Morris Township, New Jersey-based company said today in a statement. The average estimate of 18 analysts surveyed by Bloomberg was $3.80 a share.