United Technologies -2.3% on Q1 forecast below Wall Street target

United Technologies (UTX -2.3%) issues downside Q1 earnings guidance, seeing EPS of $1.25, well below analyst consensus forecast of $1.39, while its updated FY 2014 EPS guidance of $6.55-$6.85 leaves little room to beat forecasts for $6.82.

Says it aims to increase revenue by mid-single-digit percentages annually, excluding acquisitions, from now until 2020.

Shares are now the Dow's biggest decliner today.

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Comments (1)
  • alf1962
    , contributor
    Comment (1) | Send Message
    Insider sales is also strong indicator the stock may have peaked
    13 Mar 2014, 05:14 PM Reply Like
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