• Company News: United Tech (UTX) Q3 results beat analysts’ expectations

Market news

23 October 2018

Company News: United Tech (UTX) Q3 results beat analysts’ expectations

United Tech (UTX) reported Q3 FY 2018 earnings of $1.93 per share (versus $1.73 in Q3 FY 2017), beating analysts' consensus estimate of $1.82.

The company's quarterly revenues amounted to $16.510 bln (+9.6% y/y), beating analysts' consensus estimate of $16.105 bln.

The company also issued in-line guidance for FY 2018, projecting EPS of $7.20-7.30 (compared to its prior guidance of $7.10-7.25 and analysts' consensus estimate of $7.24) at revenues of $64-64.5 bln (compared to its prior guidance of $63.5-64.5 bln and analysts' consensus estimate of $64.47 bln).

UTX rose to $127.00 (+0.47%) in pre-market trading.

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