Honeywell to realign business segments to boost growth
© Reuters. FILE PHOTO: A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse/File Photo) is restructuring its business operations to three segments down from four to boost sales growth and reallocate capital, the industrial conglomerate said on Tuesday.The Charlotte, North Carolina-based company's shares were up 1.43%, at $189.17 before the bell.
Honeywell said its results for the third quarter would be in line with previously issued guidance ranges on its aviation business performance. It said earnings per share were expected to be within or above its previous estimates. In July, the company provided an adjusted earnings outlook for the third quarter between $2.15 and $2.25 per share.Comment Guidelines
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