United Tech predicts 2013 earnings, revenue gains
HARTFORD, Conn. (AP) - United Technologies Corp. is forecasting earnings just shy of Wall Street's forecast.
Louis Chenevert, the aerospace and building-systems manufacturer's chairman and chief executive, gave the outlook Thursday at a meeting with investors in New York.
The latest 2013 earnings projection of $6.15 a share is at the high end of the company's prior range of $6.10 to $6.15.
But analysts polled by FactSet were expecting, on average, full-year earnings per share of $6.16.
United Technologies' 2013 revenue outlook remains about $63 billion, in line with analysts' forecast of $63.1 billion.
For 2014, the company anticipates earnings per share ranging from $6.55 to $6.85.
That's also shy of the $6.86 per share analysts were projecting.
United Technology shares fell 41 cents to $107.68 in extended trading.
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