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