Manufacturing company Honeywell International says fourth-quarter profit slipped 1 percent on lower sales from its aerospace and automation units.
The company, based in Morris Township, N.J., also reaffirmed its earnings guidance for the year. Analysts expect earnings at the high end of that range.
Honeywell said Friday its profit fell to $698 million, or 91 cents per share, in the last three months of 2009, down from $707 million, or 97 cents per share, a year earlier.
Analysts were expecting earnings of 90 cents a share.
It says sales fell 7 percent to $8.07 billion. Analysts expected higher sales of $8.15 billion.
Honeywell reaffirmed 2010 profit guidance between $2.20 and $2.40 per share. Analysts expect $2.40 in profit.
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