Why Honeywell Stock Popped on Earnings

Shares of industrials giant Honeywell International (NASDAQ: HON) rose a respectable 3.6% in noonday trading (ET) Thursday after delivering a beat-and-raise quarter on Wall Street. Beating analyst forecasts for $1.93 per share in earnings, as calculated according to generally accepted accounting principles (GAAP), Honeywell earned $2.07 instead, with revenues of $8.9 billion likewise beating out expectations for $8.5 billion. Sales grew 6% in the quarter, and Honeywell vastly improved the profits it earns on those revenues.