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More on United Tech (UTX) Q3: Net profit $1.43B; ups EPS outlook

  • United Tech's (UTX) net profit edges up to $1.43B from $1.42B last year. Earnings include $0.08 a share of restructuring costs.
  • Income from continuing operations $1.415B vs $1.25B.
  • Raises the low end of FY EPS outlook by 10 cents and now expects $6.10-6.15 vs consensus of $6.16. However, forecasts sales of $63B vs previous guidance of $64B, due to the "weakness in military aerospace markets and the slow pace of recovery in Europe." Consensus is for $63.9B.
  • United Tech expects to invest $500M in restructuring in 2013, with one-time items to offset restructuring costs. (Previous) (PR)
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