Honeywell and Will.i.am bet on fashionable face masks
Honeywell International, the American multinational technology and manufacturing company, reported first-quarter 2021 figures that topped estimates.
Honeywell unveiled an adjusted earnings-per-share (EPS) of $1.92 on revenues of $8.46 billion. The EPS was above the $1.80 consensus, while revenue beat the forecast by $380 million.
For the full year, Honeywell expects its EPS to reach $8, while its sales have been revised to $34.8 billion from $34.4 billion.
At the beginning of April, the company teamed up with rapper and entrepreneur Will.i.am to bring to the market two versions of a high-tech face mask named Xupermask. According to the latter, the mask combines usability, protection, and design into one product. The product retails for $299, and it already hit the shelves.
Honeywell stock price fell more than 1% at the moment of writing. Since the beginning of the year, the company’s stock price gained more than 7%, while USA500 went up 10.1%.
Sources: marketwatch.com, cnbc.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.