United Technologies Mostly Meets Estimates (UTX, GR)
United Technologies Corp. (NYSE: UTX) reported fourth quarter and full year earnings before the market opened this morning. The company posted quarterly EPS of $1.47 on revenue of $14.97 billion. The consensus estimate called for EPS of $1.46 on revenue…
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United Technologies Corp. (NYSE: UTX) reported fourth quarter and full year earnings before the market opened this morning. The company posted quarterly EPS of $1.47 on revenue of $14.97 billion. The consensus estimate called for EPS of $1.46 on revenue of $15.07 billion.
For the full fiscal year, UTX posted EPS of $5.49 on revenue of $58.2 billion. The consensus estimate called for EPS of $5.48 on revenue of $58.34 billion. Again, earnings a little better, and revenues a little worse than expected.
For the current year, UTX expects to post EPS of $5.80-$6.00 on revenue of $59-$60 billion. Neither estimate includes the company’s pending acquisition of Goodrich Corp. (NYSE: GR), which is expected to close in mid-year.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.