Honeywell earnings beat estimates

CHARLOTTE, N.C. — Honeywell International reported Q2 earnings of $2.10 per share, down 1% from a year ago but slightly higher than analyst estimates. The conglomerate said sales declined 15% on a reported basis but were up 5% on an organic basis. The discrepancy was attributed to spinoffs from its aerospace and building technologies businesses. Honeywell Building Technologies sales for the quarter were up 5% on an organic basis, driven by strong performance in commercial fire products, building management software and global building solutions projects growth.