New York, Oct 17: Diversified manufacturer Honeywell International Inc said on Tuesday its third-quarter operating earnings rose 9 per cent, meeting expectations, but sales grew a disappointing 3 per cent, dragged down by a weak euro and an aerospace supplier problem.Honeywell, which makes products ranging from turbochargers and aircraft electronics to carpet fibers and home security systems, also forecast that earnings for the full year would be slightly below prior Wall Street expectations.
"Like other companies, we are confronting the effects of surging raw material prices, a weakened euro and pockets of slow economic activity," Michael Bonsignore, Honeywell's chief executive, said in a statement.
Honeywell, based in Morris Township, NJ, earned $613 million, or 76 cents a share, in the quarter, up from $560 million, or 69 cents, a year earlier, excluding one-time items in both periods.
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