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

Market news

23 January 2019

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

United Tech (UTX) reported Q4 FY 2018 earnings of $1.95 per share (versus $1.60 in Q4 FY 2017), beating analysts’ consensus estimate of $1.53.

The company’s quarterly revenues amounted to $18.044 bln (+15.1% y/y), beating analysts’ consensus estimate of $16.872 bln.

The company also issued guidance for FY 2019, projecting EPS of $7.70-8.00 (versus analysts’ consensus estimate of $7.80) and revenues of $75.5-77 bln (versus analysts’ consensus estimate of $77.18 bln).

UTX rose to $114.54 (+3.13%) in pre-market trading.

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