* Looks for divisional profit growth of 10 pct or more
* Sees $350 mln-$400 mln in 2011 pension costs
BOSTON Oct 22 (Reuters) - Honeywell International Inc (HON.N) expects sales to rise 5 percent or more next year, with profit at its four divisions rising 10 percent or more, top executives told investors on Friday.
"It's reasonable to anticipate approximately 5 percent-plus recorded top line sales growth for Honeywell in 2011 over the expected 2010 sales of $33 billion," Chief Financial Officer Dave Anderson told analysts on a conference call. "Currency, of course, foreign exchange will obviously be an influence here and would impact the year-over-year. We also have a path we believe to double-digit segment profit growth for 2011."
That is roughly in line with Wall Street forecasts. Analysts, on average, expect 2011 revenue of $35.3 billion, which would represent growth of 7.6 percent, according to Thomson Reuters I/B/E/S.
Wall Street expects 2011 earnings per share of $3.03, excluding one-time items.
Honeywell on Friday reported better-than-expected third-quarter profit. Net earnings were down, reflecting the company's aggressive approach to pension accounting. [ID:nN22129395]
It expects pension funding to weigh on next year's net earnings by $350 million to $400 million, Anderson said. (Reporting by Scott Malone; editing by John Wallace)
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