• Company News: United Tech (UTX) Q2 EPS beat analysts’ estimate

Market news

25 July 2017

Company News: United Tech (UTX) Q2 EPS beat analysts’ estimate

United Tech (UTX) reported Q2 FY 2017 earnings of $1.85 per share (versus $1.82 in Q2 FY 2016), beating analysts' consensus estimate of $1.77.

The company's quarterly revenues amounted to $15.280 bln (+2.7% y/y), generally in-line with analysts' consensus estimate of $15.241 bln.

The company also raised its FY 2017 EPS projection to $6.45-6.60 from $6.30-6.60 (versus analysts' consensus estimate of $6.59), while FY 2017 revenues projection was improved to $58.5-59.5 bln from $57.5-59 bln (versus analysts' consensus estimate of $59.08 bln).

UTX fell to $122.50 (-0.51%) in pre-market trading.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.