Honeywell profit up, shy of forecast
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Diversified manufacturer Honeywell International Inc  said on Friday profit rose 14.2 percent amid continued strong demand from the aerospace and commercial construction sectors, but results were slightly below Wall Street's expectations.
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Boeing Co  said on Wednesday fourth-quarter profit rose, helped by strong sales of its commercial aircraft.
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Boeing Co. BA.N on Wednesday  reported a higher third-quarter profit on revenue growth in its  defense business and strong performance in its commercial  aircraft building operations, and said it raised its earnings  forecast for 2004.
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Diversified manufacturer Honeywell International Inc  said quarterly profit rose nearly 18 percent, with sales up across all its units, sparking a 4.6 percent rise in its shares on Friday.
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Panasonic maker Matsushita Electric Industrial Co Ltd  posted a 3 percent gain in quarterly operating profit on strong sales of digital cameras and flat TVs, but kept unchanged an annual outlook that falls short of market expectations.
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CHICAGO  â Boeing reported a 4 percent increase in fourth-quarter profit on Wednesday, topping Wall Streetâs expectations despite concerns over delays in the 787 Dreamliner.
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The airline said fourth-quarter net income rose to $111 million compared to a year-earlier profit of $57 million, But it warned that fuel costs in the current quarter will rise substantially.
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United Parcel Service Inc.  said on Thursday its quarterly profit rose but missed expectations as shortfalls in its U.S. package business and rising fuel prices offset strength internationally.
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Honeywell, the U.S.  avionics-to-antifreeze conglomerate, will beat its own target  for $1 billion of China sales in 2005 as it expands aerospace  manufacturing there, its country chief said on Thursday.
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Burgeoning military sales lifted Boeing Co. to a 78 percent increase in third-quarter profits, its bottom line thriving despite the ethics scandals that have roiled the aerospace giant for the past year.
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Diversified manufacturer Honeywell  International Inc. HON.N posted an 8 percent rise in  third-quarter profit on Wednesday as strong demand for  aerospace equipment and car components boosted sales.
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CHICAGO, Oct 27  - Aviation and defense giant Boeing said Wednesday its third-quarter profit shot up 78 percent from a year ago to 456 million dollars and gave an upbeat forecast for the rest of 2004 and into 2005.
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The company said third-quarter profit rose more than expected, boosted by higher aircraft deliveries, but it scaled back next yearâs forecast due to delays on its 787 Dreamliner.
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The technology giantâs quarterly profit â up 24 percent â may not be as reliable an indicator of broader trends in the American economy as in the past.
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Mitsubishi Electric Corp. 6503.T, a   major Japanese electronics conglomerate, nudged up its annual   profit outlook on strong sales of factory automation systems,   but the forecast fell short of market expectations.
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Boeing Co  said on Wednesday third-quarter profit rose more than expected, helped by higher deliveries of commercial planes, but it scaled back its revenue forecast for next year due to delays on its 787 Dreamliner and slowing growth at its defense unit.
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Boeing Co  said on Wednesday fourth-quarter profit rose a greater-than-expected 4 percent, helped by higher commercial plane deliveries, and said its delayed 787 Dreamliner was on track to meet its new schedule.