Honeywell International reported better-than-expected first-quarter profit Friday, which was boosted by stronger sales in its aerospace and energy businesses, sending its stock up.
The company posted earnings of $1.71 per share, while analysts were expecting $1.62.
The economic bellwether said sales in its aerospace business, Honeywell’s largest segment, fell 4.3 percent to $3.55 billion during the quarter. But this was better than the 5 to 7 percent decline forecast by the company.
