(RTTNews) - Diversified conglomerate United Technologies Corp. (UTX: News ) is slated to report third-quarter results before the market opens Tuesday, with analysts forecasting earnings of $1.12 per share, on revenues of $13.31 billion. In the year-ago period, the company earned $1.33 per share on revenues of $14.8 billion.

The company's third-quarter results may reflect rising commodity prices, particularly copper and steel, as well as currency translation gains that remain uncertain. Continued weakness in commercial aerospace might also hurt UTX's profit.

United Technologies, the parent company of jet engine manufacturer Pratt & Whitney, Otis elevator, and Sikorsky aircraft now expects fiscal 2009 earnings, excluding the impact of acquisition related costs resulting from the application of SFAS 141, to range between $4.00 and $4.20 per share, compared to its prior outlook range of $4.00 - $4.50 per share. This range continues to include $750 million of restructuring spend and now assumes one time gains of $200 million, at the low end of its prior range of $200 million - $350 million. Annual revenues for 2009 is currently expected to be $53 billion, $2 billion lower than the earlier expectations.

For the preceding second quarter, the Hartford, Connecticut-based company witnessed a steep downswing in profit that totaled $976 million or $1.05 per share, compared to $1.28 billion or $1.32 per share in the year-earlier quarter, reflecting restructuring charges and weak performance at most of its segments. Revenues fell 17% to $13.2 billion from $15.9 billion in the previous year, reflecting organic decline, adverse foreign currency translation, and net divestitures.
Among other players in the field, Boeing Co. (BA) will issue third-quarter results at 7:30 am ET on October 21, with analysts projecting a loss of $2.12 per share, on revenues of $17.20 billion. This compares with the previous year's earnings from continuing operations of $0.94 per share and revenues of $15.3 billion. The company reaffirmed its 2009 earnings forecast of $4.70 - $5.00 per share and revenue outlook of $68 billion - $69 billion.

Another peer, General Electric Co. (GE) reported lower profit for the third-quarter that amounted to $2.419 billion or $0.23 per share, compared to $4.312 billion or $0.43 per share in the same quarter of last year, on declined revenues, largely hurt by the Capital Finance segment that saw its Commercial Lending and Leasing, Consumer and Real estate activities being hit by the economic woes. Total revenues for the quarter fell 20% to $37.799 billion from $47.234 billion in the prior year quarter.

To receive FREE breaking news email alerts for United Technologies Corp and others in your portfolio

 1   2   Next Page