United Tech. Expects FY14 EPS At Mid-Point Of Prior Guidance; FY15 Outlook Weak

(RTTNews) - United Technologies Corp (UTX), a provider of technology products to the building systems and aerospace industries, said Thursday it now expects fiscal year 2014 earnings of $6.80 per share, at the mid-point of the prior guidance of $6.75 to $6.85 per share.

Analysts polled by Thomson Reuters currently expect earnings of $6.87 per share for the quarter. Analysts' estimates typically exclude special items.

UTX said its 2014 earnings guidance includes a charge of $0.25 per share related to a previously disclosed German tax litigation matter, partly offset by about $0.20 per share of other favorable items.

The company continues to expect sales for 2014 of about $65 billion, while analysts expect $65.2 billion.

For fiscal year 2015, UTX projects earnings of $7.00 to $7.20 per share on sales of $66 billion to $67 billion. Analysts expect earnings of $7.27 per share on sales of $67.5 billion.