Honeywell profit jumps on robust demand in aerospace unit
© Reuters. FILE PHOTO: A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse
(Reuters) – Honeywell International Inc (NASDAQ:HON) on Friday reported a 66% jump in quarterly profit, as a rise in commercial and business air traffic spurred demand for the U.S. aero parts maker’s products and services.
Net income attributable to the U.S. industrial conglomerate rose to $1.26 billion, or $1.80 per share, in the third quarter ended Sept. 30, from $758 million, or $1.07 per share, a year earlier.
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