(Reuters) -Honeywell Worldwide on Friday reported a better-than-expected quarterly revenue and raised its full-year forecasts, helped by enhancing gross sales in its aerospace unit as air journey rebounds from a pandemic-prompted slowdown.
The U.S. industrial conglomerate, which makes every little thing from plane engines to warehouse automation gear, has seen its bottomline increase with rising home air visitors in addition to elevated funding in industrial automation as a consequence of explosive development in e-commerce.
Honeywell mentioned it now expects full-year gross sales to be between $34.6 billion and $35.2 billion, up from its prior forecast of $34.0 billion to $34.8 billion.
The corporate additionally raised its full-year revenue forecast within the vary of $7.95 to $8.10 per share, from $7.75 to $8 per share beforehand.
Gross sales in its aerospace unit, its greatest, rose 8.8% to $2.77 billion within the second quarter ended June 30.
Excluding gadgets, Honeywell earned $2.02 per share above analysts’ common estimate of $1.94, whereas internet gross sales rose 17.8% to $8.81 billion within the quarter.
(Reporting by Ashwini Raj and Ankit Ajmera in Bengaluru; Modifying by Shinjini Ganguli)