United Technologies Released Q2 Earnings With Positive News For Investors

By John Heerdink LinkedIn

United Technologies Corporation (UTX) reported its Q2 earnings early on Tuesday this week, exceeding Wall Street expectations.

United Technologies earning per share rose to $2.20 a share exceeding analysts’ expectations of $2.04. Revenue increased by 17.5% to $19.63 billion beating Wall Street expectations of $19.459 billion. Collins Aerospace including the recently acquired Rockwell Collins leaped to $6.58 billion recording an increase by 66%. Revenue for Pratt & Whitney grew 8.7% to $5.15 billion. While Otis remained in line at $3.45 billion & Carrier revenue dropped to $4.96 billion.

Based on organic growth, United Technology raised its full-year adjusted EPS to $8.05 from $7.90.

Dow 30 component United Technologies Corporation (UTX) creates smart, sustainable solutions that are used to provide high-technology systems and services to both the building and aerospace industries. To learn more about United Technologies Corp. (UTX) and to track its progress please visit the Vista Partners United Technologies Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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July 16(11)

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