American Airlines, Honeywell, Dow: Latest earnings in focus

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We watch American Airlines, Honeywell and Dow. First, American Airlines reported a smaller-than-expected loss in the third quarter.

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The airline now sees profits for the full year as well. A loss had been predicted before.

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The carrier joined rivals in predicting a strong end to the year as corporate and premium leisure travel drive growth.

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The stock is now higher after the results. American Airlines was down 31% year-to-date through Wednesday’s close.

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Honeywell is next, reporting third-quarter earnings that beat Wall Street expectations.

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The manufacturer also raised its full-year profit outlook.

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The results were supported by the company’s Aerospace unit, where sales rose 15% in the latest quarter.

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This division is expected to be spun off and separated from the automation business next year.

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Honeywell also plans to spin off its advanced materials unit.

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This has come under pressure from activist investor Elliott, which took a $5 billion stake in the company earlier this year. The new strategy will result in the emergence of three separate publicly traded entities.

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And finally, chemical giant Dow, which saw its earnings losses narrow in the last quarter.

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Loss per share narrowed to 19 percent, compared with a loss of 42 cents in the previous quarter.

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Volume in its industrial unit also increased compared to the previous quarter, as new facilities came online on the US Gulf Coast.

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But the Dow reported an 11% decline in packaging and specialty plastics revenue from a year ago. This was due to the decline in prices of finished plastic products.

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