Honeywell expected a profit gain in 2007.

12/14/2006

Honeywell International on Thursday said it expects to meet its profit target for this
year and predicted double digit growth in earnings per share in 2007
which makes aircraft systems, building control systems and
automotive parts, and it still expects to report 2006 profit between $2.51 and
$2.53 per share on revenue of $31.2 billion. The company puts cash flow from
operations at about $3 billion. Analysts have tailored their forecasts to that guidance and expect, on average, profit of $2.52 a share and revenue of $31.16 billion. The company initial profit range for 2007 is $2.85 to $2.95 per share this would mean a double digit increase from the expected 2006 result. The sales figure of $32.6 billion would equal a 5 percent gain. Cash flow from operations is projected between $3.2 billion and $3.4 billion.

Wall Street's profit expectation of $2.93 per share is within the company's
target range, but analysts are currently expecting more robust sales growth to
$32.75 billion.