Login

Register | Forgot Your Password? | Close
Register | Forgot Your Password? | Close

HARTFORD, Conn. (AP) - United Technologies Corp. is forecasting earnings just shy of Wall Street's forecast.

Louis Chenevert, the aerospace and building-systems manufacturer's chairman and chief executive, gave the outlook Thursday at a meeting with investors in New York.

The latest 2013 earnings projection of $6.15 a share is at the high end of the company's prior range of $6.10 to $6.15.

But analysts polled by FactSet were expecting, on average, full-year earnings per share of $6.16.

United Technologies' 2013 revenue outlook remains about $63 billion, in line with analysts' forecast of $63.1 billion.

For 2014, the company anticipates earnings per share ranging from $6.55 to $6.85.

That's also shy of the $6.86 per share analysts were projecting.

United Technology shares fell 41 cents to $107.68 in extended trading.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus
close

Share: