graphic
News > Companies
United Tech tops 1Q target
April 19, 2001: 6:59 a.m. ET

Maker of Otis elevators, Pratt & Whitney engines sees sales, profit gain
graphic
graphic graphic
graphic
NEW YORK (CNNfn) - Diversified manufacturer United Technologies Corp. edged past Wall Street forecasts Thursday with improved first-quarter earnings.

The maker of Otis elevators and Pratt & Whitney jet engines, among other products, posted net income of $440 million, or 86 cents a diluted share, 1 cent better than the consensus earnings per share forecast of analysts surveyed by First Call. The company earned $377 million, or 74 cents, in the year-earlier quarter.

Revenue rose 4 percent to $6.7 billion, despite being hurt by the strong value of the dollar.

Shares of United Technologies (UTX: Research, Estimates), a component of the Dow Jones industrial average, gained $2.50 to $78.10 in trading Wednesday. graphic




graphic


© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.
Home | Contact Us | Advertise with Us | Corrections | Career Opportunities | Site Map
RSS | Email Delivery | Portfolio | Podcasts | Mobile | Widgets | User Preferences | Special Sections
| Magazine Customer Service | Download Fortune Lists | Reprints | Conferences | Business Leader Council