Wednesday, United Technologies Corp. (UTX) reported fourth-quarter net income attributable to common shareowners of $1.07 billion or $1.15 per share, compared to $1.15 billion or $1.23 per share in the same quarter last year.
On average, 18 analysts polled by Thomson Reuters expected the company to earn $1.14 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter declined to $14.10 billion from $14.77 billion in the comparable quarter last year. Analysts expected the company to report revenue of $13.84 billion for the quarter.
Looking ahead to the full year 2010, the company reaffirmed its guidance and expects earnings of $4.40 - $4.65 per share. Analysts currently anticipate the company to earn $4.11 per share for the full year.
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