Diversified U.S. manufacturer Honeywell International Inc reported a 4 percent rise in quarterly profit and boosted its full-year forecast, citing recovering demand for its industrial products.
The world's largest maker of cockpit electronics said on Friday that second-quarter profit came to $468 million, or 60 cents per share, compared with $450 million, also 60 cents per share a year earlier.
Revenue rose 7.9 percent to $8.16 billion.
The company raised its full-year profit forecast to a range of $2.40 to $2.50 per share from a prior view of $2.30 to $2.45.
During the quarter, the Morris Township, New Jersey-based company said demand from industrial customers had picked up over the last few months, boosting its automation systems and specialty chemicals units.
Honeywell shares are up about 4.9 percent so far this year, outpacing the 2.4 percent increase in the Standard & Poor's capital goods industry group <.GSPIC>.
(Reporting by Scott Malone; Editing by Lisa Von Ahn)