Company News: United Tech (UTX) quarterly results beat analysts’ expectations

Market news

24 January 2018

Company News: United Tech (UTX) quarterly results beat analysts’ expectations

United Tech (UTX) reported Q4 FY 2017 earnings of $1.60 per share (versus $1.56 in Q4 FY 2016), beating analysts' consensus estimate of $1.56.

The company's quarterly revenues amounted to $15.680 bln (+7.0% y/y), beating analysts' consensus estimate of $15.344 bln.

The company also issued in-line guidance for FY 2018, projecting EPS of $6.85-7.10 (versus analysts' consensus estimate of $6.97) and revenues of $62.5-64.0 bln (versus analysts' consensus estimate of $62.97 bln).

UTX fell to $136.00 (-0.02%) in pre-market trading.

Target price changes before the market open

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