Company News: United Technologies Corp (UTX) reported fourth quarter earnings in line with expectations, revenue missed forecasts

Market news

27 January 2015

Company News: United Technologies Corp (UTX) reported fourth quarter earnings in line with expectations, revenue missed forecasts

United Technologies Corp (UTX) earned $1.62 per share in the fourth quarter, in line with analysts' estimate. Revenue in the fourth quarter increased 1.4% year-over-year to $17.00 billion, but missing analysts' estimate of $17.16 billion.

The company released its forecasts for fiscal year 2015. EPS is expected to be $6.85-$7.05 (analysts' estimate: $7.19), while revenue is expected to be $65.00-$66.00 billion in fiscal year 2015 (analysts' estimate: $66.92 billion).

United Technologies Corp (UTX) shares fell to $115.00 (-3.16%) prior to the opening bell.

Company News: 3M (MMM) reported better than expected fourth quarter earnings, but revenue missed forecasts

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