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News > Companies
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United Tech repeats outlook
graphic February 11, 2002: 9:29 a.m. ET

Maker of Otis elevators and more says 2002 revenue could beat forecasts.
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  • Analysis: Bush could lift United Tech
  • United Tech beats 4Q expectations - Jan. 17, 2002
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  • United Technologies
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    NEW YORK (CNN/Money) - United Technologies Inc. on Monday reaffirmed its guidance for 2002 earnings and said its revenue for the year could beat Wall Street expectations.

    The Hartford, Conn.-based company, which makes Pratt & Whitney jet engines, Otis elevators, Carrier air conditioners and other products, said it still expects to earn $4.32 per share in 2002, matching guidance it gave on Dec. 12. Wall Street analysts surveyed by earnings tracker First Call expect United Tech to earn $4.30 a share.

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    The company also said it expects its 2002 revenue to match 2001 revenue of $27.9 billion. Analysts surveyed by First Call expect revenue of $27.6 billion.

    Shares of United Tech (UTX: up $1.02 to $69.10, Research, Estimates), which is a component of the Dow Jones industrial average, rose 70 cents to close at $68.08 on Friday.

    The company recently reported fourth-quarter earnings that were also better than Wall Street expectations, but it suffered from a setback in its aerospace business, part of the fallout of the Sept. 11 terror attacks. graphic

      RELATED STORIES

    Analysis: Bush could lift United Tech

    United Tech beats 4Q expectations - Jan. 17, 2002
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    United Technologies




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