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United Technologies: 2Q Earnings Snapshot

July 23, 2019

FARMINGTON, Conn. (AP) — United Technologies Corp. (UTX) on Tuesday reported second-quarter profit of $1.9 billion.

The Farmington, Connecticut-based company said it had net income of $2.20 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.

The maker of elevators, jet engines and other products posted revenue of $19.63 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $19.46 billion.

United Technologies expects full-year earnings in the range of $7.90 to $8.05 per share, with revenue in the range of $75.5 billion to $77 billion.

United Technologies shares have increased 25% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 19%. The stock has climbed 2% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UTX at https://www.zacks.com/ap/UTX

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