Honeywell had total sales of $10.39 billion in the first quarter, up from $9.49 billion a year earlier, the company said in a statement Friday. That beat analysts' projections of $10 billion, according to the average of estimates compiled by Bloomberg. Adjusted earnings were $1.95 a share, excluding costs
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In the 1970s, Bill Gates and Steve Ballmer revolutionized operating system software. Thirty years later, Mark Zuckerberg helped pioneer social networking. So what's the latest generation of Harvard tech entrepreneurs up to? Looking to cash in on cryptocurrency, of course. Sign of the times.
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Apple Inc. fell for the third day after analysts at Morgan Stanley cut their forecasts for iPhone shipments, adding to concern about the tech giant's primary source of revenue ahead of quarterly earnings in May. Morgan Stanley analyst Katy Huberty lowered her projections for iPhone shipments by 1 million
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OPEC's compliance with the agreement reached a record 164 percent last month, and non-OPEC adherence gained to 85 percent, according to Bloomberg calculations. The partners have been meeting in Jeddah, Saudi Arabia, this week to discuss furthering their cooperation after the deal expires at
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The bank also said first-quarter profit was $612 million, or $1.29 a share. That topped the $1.11 average of 19 analyst estimates for adjusted earnings compiled by Bloomberg. The company set aside $28 million to cover souring loans in the quarter, less than the $105 million analysts were expecting.
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