Honeywell Int'l 1Q profit rises on increased revenue

The Morristown, N.J.-based diversified manufacturer says earnings increased to $643 million, or 85 cents per share, from $526 million, or 66 cents per share, a year earlier.

Revenue climbed 11 percent to $8.9 billion from $8.04 billion.

Analysts polled by Thomson Financial forecast net income of 82 cents per share on sales of $8.73 billion.

Honeywell International Inc. raised its 2008 profit outlook to a range of $3.70 to $3.80 per share and lifted its sales to a range of $36.8 billion to $37.4 billion. Its prior forecast was for profit between $3.65 and $3.80 per share on sales between $36.1 billion and $36.7 billion.

Analysts expect profit of $3.76 per share on sales of $36.79 billion.