Company News: United Tech (UTX) Q4 Earnings Beat Expectations

Market news

27 January 2016

Company News: United Tech (UTX) Q4 Earnings Beat Expectations

United Tech reported Q4 FY 2015 earnings of $1.53 per share (versus $1.67 in Q4 FY 2014), beating analysts' consensus of $1.52.

The company's quarterly revenues amounted to $14.300 bln (-4.5% y/y), missing consensus estimate of $15.257 bln.

United Tech reaffirmed guidance for FY 2016, projecting EPS of $6.30-6.60 (versus analysts' consensus of $6.55) and revenues of $56-58 bln (versus analysts' consensus of $57.85 bln).

UTX rose to $85.65 (+0.88%) in in yesterday's trading.

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