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

Market news

24 April 2018

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

United Tech (UTX) reported Q1 FY 2018 earnings of $1.77 per share (versus $1.48 in Q1 FY 2017), beating analysts' consensus estimate of $1.51.

The company's quarterly revenues amounted to $15.242 bln (+10.3% y/y), beating analysts' consensus estimate of $14.623 bln.

The company also raised guidance for FY 2018. It now sees EPS of $6.95-7.15 (compared to its prior estimate of $6.85-7.10 and analysts' consensus estimate of $7.05) and revenues of $63.0-64.5 bln (compared to its prior estimate of $62.5-64.0 bln and analysts' consensus estimate of $64.01 bln).

UTX rose to $126.99 (+2.86%) in pre-market trading.

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