Honeywell earnings surge in Q4

MORRIS PLAINS, N.J. — Honeywell reported earnings of $1.72 billion or $2.31 per share in the final quarter of 2018, including a $435 million favorable adjustment in tax charges. The results followed a $2.52 billion loss for the same period in 2017 and beat estimates of $1.89 per share. Sales were down 10% on a reported basis and up 6% on an organic basis, the disparity owing primarily to the spin-off of businesses from the company’s aerospace and building technology segments.