United Technologies Corp. (UTX) reported third-quarter profit that
beat analysts’ estimates, driven by sales of air conditioners and
aircraft components.
Net income rose 1.2 percent to $1.43 billion, or $1.55 a share, from $1.42 billion, or $1.37, a year earlier, the Hartford, Connecticut-based company said today in a statement. Analysts projected $1.54, the average of 20 estimates compiled by Bloomberg.
United Technologies also boosted the lower end of its full-year earnings per share forecast today to a range of $6.10 to $6.15, up from $6 to $6.15, previously. Full-year sales will be about $63 billion, down from a prior projection of $64 billion.
The “weakness in military aerospace markets and slow pace of recovery in Europe” will damp annual revenue, Chief Executive Officer Louis Chenevert said today. read more about UTX.
Net income rose 1.2 percent to $1.43 billion, or $1.55 a share, from $1.42 billion, or $1.37, a year earlier, the Hartford, Connecticut-based company said today in a statement. Analysts projected $1.54, the average of 20 estimates compiled by Bloomberg.
United Technologies also boosted the lower end of its full-year earnings per share forecast today to a range of $6.10 to $6.15, up from $6 to $6.15, previously. Full-year sales will be about $63 billion, down from a prior projection of $64 billion.
The “weakness in military aerospace markets and slow pace of recovery in Europe” will damp annual revenue, Chief Executive Officer Louis Chenevert said today. read more about UTX.
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