Global diversified technology and manufacturing firm Honeywell International Inc (HON – Analyst Report) has a balanced mix of long and short-cycle businesses. With a flexible yet disciplined focus on cost and productivity, HON remains focused on increasing its presence in high-growth regions.

However, despite HON’s proactive restructuring initiatives, it is yet to witness signs of stabilization in a number of its major end markets. As the extent of competition is increasing over time, investors have been eagerly awaiting for the company’s latest earnings report. In the last four trailing quarters, HON has reported a positive average earnings surprise of 1.03%, beating the earnings estimates on every occasion.

Currently, HON has a Zacks Rank #3 (Hold), but that could definitely change following the fourth-quarter earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: HON misses on earnings. The Zacks Consensus Estimate called for EPS of $1.59, and the company reported EPS (excluding mark-to-market pension expense) of $1.58.

Revenue: Revenues marginally beat. HON posted revenues of $9,982 million, compared with the Zacks Consensus Estimate of $9,980 million.

Key Stats to Note: Despite uncertainty in some end markets, HON expects its revenues to jump back on the growth track in 2016 and reiterated its earlier guidance. The company anticipates that revenues for 2016 will lie in a range of $39.9 billion and $40.9 billion, reflecting year-over-year growth of 4%-6%. 2016 adjusted earnings are forecasted to lie in the range of $6.45 per share and $6.70 per share, reflecting growth of 6%-10%.

Stock Price: Shares prices were significantly up in pre-market trading following the earnings release.