Shares of Honeywell International Inc. were indicated lower in premarket trade Friday, after the diversified technology and manufacturing company provided a downbeat fourth-quarter profit outlook for 2017. The company said it still expects fourth-quarter 2016 earnings-per-share outlook of $1.74, but that was below the FactSet consensus of $1.75. For 2017, Honeywell expects EPS of $6.85 to $7.10, compared with the FactSet consensus of $7.08. Revenue is expected in the range of a 1% decline to a 2% increase, while the current FactSet consensus of $39.92 billion implies 1% growth over the 2016 consensus of $39.51 billion. The stock has rallied 13% year to date through Thursday, while the S&P 500 has gained 11%.
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