Shares of Honeywell International Inc. /zigman2/quotes/205583690/composite HON -0.13% slipped 1% in premarket trading Thursday, after the aerospace and building technologies company reported a third-quarter profit that beat expectations and raised its full-year outlook, although revenue fell a bit shy. Net income declined to $1.62 billion, or $2.23 a share, from $2.34 billion, or $3.11 a share, in the same period a year ago. Excluding non-recurring items, such as the impact of spinoffs, adjusted earnings per share rose 9% to $2.08, above the FactSet consensus of $2.01. Sales fell 16% to $9.09 billion, below the FactSet consensus of $9.12 billion, as product sales dropped 20% to $6.79 billion and service sales increased 0.4% to $2.29 billion. "We continue to deliver strong results and returns for our shareowners, even with the ongoing uncertainty in the macroeconomic environment," said Chief Executive Darius Adamczyk. "We remain on track to meet our cash flow commitments for the year, and we continued to execute on our capital deployment strategy in the third quarter." For 2019, the company raised its adjusted EPS guidance range to $8.10 to $8.15 from $7.95 to $8.15 but trimmed its sales outlook to $36.7 billion to $36.9 billion from $36.7 billion to $37.2 billion. The stock has rallied 24% year to date through Wednesday, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.05% has gained 16%.