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

Market news

23 July 2019

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

United Tech (UTX) reported Q2 FY 2019 earnings of $2.20 per share (versus $1.97 in Q2 FY 2018), beating analysts’ consensus estimate of $2.05.

The company’s quarterly revenues amounted to $19.634 bln (+17.5% y/y), generally in line with analysts’ consensus estimate of $19.583 bln.

The company also raised guidance for FY 2019, projecting EPS of $7.90-8.05 (prior $7.80-8.00) versus analysts’ consensus estimate of $7.96 and organic sales growth +4-5% (prior +3-5%).

UTX rose to $136.50 (+2.67%) in pre-market trading.

PBoC should cut RRR if it wants to support the economy - ING

Company News: Travelers (TRV) quarterly earnings miss analysts’ estimates

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.