United Tech tops profit estimates, raises forecasts
Released Friday, 27th October 2017
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United Tech tops profit estimates, raises forecasts
United Tech tops profit estimates, raises forecasts
Friday, 27th October 2017
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(Reuters) - United Technologies Corp (UTX.N) on Tuesday reported a higher-than-expected quarterly profit, and raised its full-year earnings per share and sales forecasts for the second time this year. Shares of the maker of Otis Elevators, Pratt & Whitney aircraft engines and Carrier air conditioners were up about 1.7 percent at $122.98 in premarket trading. United Tech raised its 2017 adjusted earnings per share forecast to $6.58-$6.63 from $6.45-$6.
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