Plus   Neg

United Technologies Corp. Q4 adjusted earnings Beat Estimates

United Technologies Corp. (UTX) released earnings for its fourth quarter that climbed from last year.

The company's profit came in at $1.14 billion, or $1.32 per share. This compares with $0.69 billion, or $0.83 per share, in last year's fourth quarter.

Excluding items, United Technologies Corp. reported adjusted earnings of $1.68 billion or $1.94 per share for the period.

Analysts had expected the company to earn $1.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.4% to $19.55 billion from $18.04 billion last year.

United Technologies Corp. earnings at a glance:

-Earnings (Q4): $1.68 Bln. vs. $1.62 Bln. last year.
-EPS (Q4): $1.94 vs. $1.95 last year.
-Analysts Estimate: $1.84
-Revenue (Q4): $19.55 Bln vs. $18.04 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT