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

Market news

22 October 2019

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

United Tech (UTX) reported Q3 FY 2019 earnings of $2.21 per share (versus $1.93 in Q3 FY 2018), beating analysts’ consensus estimate of $2.03.

The company’s quarterly revenues amounted to $19.496 bln (+18.1% y/y), generally in line with analysts’ consensus estimate of $19.305 bln.

The company also issued mixed guidance for FY1 209, increasing EPS of $8.05-8.15 from $7.90-8.05 (versus analysts’ consensus estimate of $8.03) and projecting revenue of $76.0-$76.5 bln from $75.5-77.0 bln (versus analysts’ consensus estimate of $76.97 bln).

UTX rose to $141.74 (+2.45%) in pre-market trading.

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