Honeywell first-quarter revenue falls due to strong dollar

April 17, 2015 12:38 PM

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Honeywell first-quarter revenue falls due to strong dollar

(Reuters) - Honeywell International Inc (HON.N), a major manufacturer of aircraft electronics and climate control systems, reported a 5 percent fall in quarterly revenue on Friday, hurt by the sale of its friction materials business and a strong dollar.

The company also cut its full-year revenue forecast to $39 billion-$39.6 billion from $40.5 billion-$41.1 billion, below the average analyst estimate of $40.52 billion, according to Thomson Reuters I/B/E/S.

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