Company News: United Tech (UTX) quarterly earnings beat analysts’ estimate

Market news

24 October 2017

Company News: United Tech (UTX) quarterly earnings beat analysts’ estimate

United Tech (UTX) reported Q3 FY 2017 earnings of $1.73 per share (versus $1.76 in Q3 FY 2016), beating analysts' consensus estimate of $1.69.

The company's quarterly revenues amounted to $15.062 bln (+4.9% y/y), generally in-line with analysts' consensus estimate of $14.994 bln.

The company also raised its guidance for FY2017 EPS to $6.58-6.63 from $6.45-6.50 (versus analysts' consensus estimate of $6.57) and FY2017 revenues to $59.0-59.5 bln from $58.5-59.5 bln (versus analysts' consensus estimate of $59.4 bln).

UTX rose to $122.20 (+1.08%) in pre-market trading.

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