Tuesday, December 11, 2012

Honeywell - Acquisition Of Intermec Hides Disappointing Outlook For 2013


Shares of Honeywell (HON) ended Monday's trading session roughly unchanged. The diversified industrial technology and manufacturing company issued its full year 2013 forecast and announced the acquisition of Intermec.
2013 Outlook
Honeywell today announced its full year 2013 outlook. For its fiscal 2013, the company guides for full year revenues of $39-$39.5 billion, up 4 to 5% from the full year 2012 guidance of $37.5 billion. This includes the effects of acquisitions, including the deal with Intermec as announced on Monday. The revenue guidance comes in line with analysts forecasts of $39.4 billion.
Read the entire article on Seekingalpha by clicking the following link

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