Oct 6 Aero parts supplier Honeywell
International Inc lowered its 2016 sales and profit forecast,
partly due to lower shipments in its aerospace division.
The company said it expects 2016 earnings per share of
$6.60-$6.64, down from its previous forecast of $6.60-$6.70.
Honeywell's core organic sales are now expected to be down
1-2 percent for 2016, compared with a 1 percent decline it had
Honeywell said the revised forecast also reflects the
separation of its former automation and control solutions
business into two new reporting segments and impact of
acquisitions and divestitures.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak