Honeywell 2017 net income drops 65.4% y/y to USD1.66 billion on higher tax expenses
Company raises full-year 2018 financial guidance
Honeywell has reported 65.4% year-over-year (y/y) decline in net income to USD1.66 billion in the financial year ended 31 December 2017, the US-based company said in a press release last week. The company recorded sharp decline in net income due to higher tax expense, which more than tripled y/y to USD5.2 billion.
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