Honeywell (NYSE: HON) Jumps Early on Revised Q1 Guidance Above Estimates

Shares of Honeywell International (NYSE:HON) are trading 1.5% higher to $45.63 premarket Wednesday after the maker of controls for planes and buildings increased its Q1 EPS forecast to $0.45 to $0.49 from a previous projection of no more than $0.45.

Consensus estimates are for EPS of $0.44.

Honeywell also said it plans to log a one-time non-cash charge of $13 million in the current quarter in reaction to the recently passed health care reform bills.