Global diversified technology and manufacturing firm Honeywell International Inc (HON Quick QuoteHON - Free Report) has a balanced mix of long and short-cycle businesses. With a flexible yet disciplined focus on cost and productivity, HON remains focused on increasing its presence in high-growth regions.

However, despite HON's proactive restructuring initiatives, it is yet to witness signs of stabilization in a number of its major end markets. As the extent of competition is increasing over time, investors have been eagerly awaiting for the company's latest earnings report. In the last four trailing quarters, HON has reported a positive average earnings surprise of 0.83%, beating the earnings estimates thrice.

Currently, HON has a Zacks Rank #2 (Buy), but that could definitely change following the second-quarter earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: HON beats on earnings. The Zacks Consensus Estimate called for EPS of $1.64, and the company reported EPS of $1.66.

Revenue: Misses on revenues. HON posted revenues of $9,991 million, compared with the Zacks Consensus Estimate of $10,134 million.

Key Stats to Note: HON aims to improve its revenues and margins in the upcoming quarters on the back of greater business internationalization, new innovations and product portfolio solidification. Based on the favorable business conditions, the company has revised its full year 2016 earnings guidance to the range of $6.60-$6.70, up 8%-10%.

Stock Price: Shares prices were fairly up in pre-market trading following the earnings release.

Check back our full write up on this HON earnings report later!

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