Honeywell (NYSE:HON) Raises Guidance

The current recession has proven to be challenging for many investors and traders. As they, struggle to find those companies that can provide increasing earnings, at a time when earnings are falling for the majority of companies. In the case of Honeywell, they faced earnings uncertainty from the large array of businesses that they are involved in, ranging from aircraft to specialty chemicals. However, despite the various challenges, it appears as if the earnings picture could be improving at Honeywell. As they raised their guidance for: 2010 to $2.40; this is up from the previous guidance of $2.38. The company also confirmed its fourth quarter earnings guidance of $.40 cents to $.45 cents. This is significant because the company has faced a number of challenges over the last several years, ranging from an economic slow down to a possible impact because of regulatory changes.

What this shows, is that the decline in earnings that began in 2007 could be reversing, with the company able to provide clear guidance for the current quarter and year. As the company, is subtly telling investors and traders that they could be turning the corner; as those large diversified companies are starting to see improvements in demand. Once this begins to take place, is when you will see the company update their guidance for the year and current quarter. As a result, this positive development could signal to the prudent investors and traders, that Honeywell may be an area in play once again.

HON, Honeywell, Earnings Guidance