United Tech. Profit In Line With Estimates; Cuts FY15 Guidance

(RTTNews) - United Technologies Corp (UTX), a provider of technology products to the building systems and aerospace industries, on Monday reported fourth-quarter net earnings of $1.47 billion or $1.62 per share compared with $1.46 billion or $1.60 per share last year.

Revenues for the quarter were $17 billion compared with $16.76 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $1.62 per share on revenues of $17.14 billion for the quarter. Analysts' estimates typically exclude special items.

For the full year 2015, the company now expects adjusted earnings of $6.85 to $7.05 per share on revenues of $65 billion to $66 billion. It earlier expected earnings of $7.00 to $7.20 per share on sales of $66 billion to $67 billion.

Analysts expect earnings of $7.19 per share on revenues of $67.02 billion.