United Technologies Corp. (UTX) reported that its first-quarter income from continuing operations attributable to common shareowners increased to $1.270 billion from last year's $1.189 billion, with earnings per share from continuing operations rising to $1.39 from the previous year's $1.31. Analysts polled by Thomson Reuters expected the company to report earnings of $1.30 per share for the quarter. Analysts' estimates typically exclude special items.
Results for the latest-quarter include $0.11 per share of favorable one-time items net of restructuring costs. Earnings per share in the year ago quarter included a $0.21 benefit from one-time items net of restructuring costs.
Net income attributable to common shareowners for the quarter jumped to $1.266 billion from $330 million last year.
Sales for the quarter of $14.4 billion were 16 percent above prior year driven by the benefit of net acquisitions. Eighteen analysts had consensus revenue estimate of $14.94 billion for the quarter.
The company continues to expect 2013 earnings per share of $5.85 to $6.15 on sales of $64 billion to $65 billion. Analysts expect the company to report earnings of $6.10 per share on revenues of $65.10 billion for fiscal 2013.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.