UPDATE 1-Honeywell profit marginally beats expectations

Fri Jan 23, 2015 7:59am EST
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Jan 23 (Reuters) - Honeywell International Inc reported a better-than-expected quarterly profit, as an improving U.S. economy helped boost sales at the company's division that makes sensors, safety systems and airconditioning equipment.

But total revenue fell 1.1 percent to $10.27 billion in the fourth quarter ended Dec. 31 as sales in the company's aerospace division fell 5.8 percent to $3.84 billion.

Sales in Honeywell's automation and control business increased 2.8 percent to $3.85 billion.

Net income attributable to Honeywell rose to $956 million, or $1.20 per share, from $947 million, or $1.19 per share, a year earlier.

Excluding items, the company earned $1.43 per share.

Analysts on average had expected $1.42 per share, according to Thomson Reuters I/B/E/S.

Honeywell shares were up 1.5 percent at $100.90 in premarket trading. (Reporting by Abinaya Vijayaraghavan in Bengaluru; Editing by Joyjeet Das)