United Technologies: tightens up EPS target range

(CercleFinance.com) - United Technologies has said that it is now looking for adjusted EPS of between 7.
80 dollars and 8 dollars, against 7.70 dollars to 8 dollars previously, for revenues that still expects between 75.5 billion and 77 billion dollars (including organic growth of +3% to +5%).

Over the first three months of the year, the industrial conglomerate
achieved adjusted EPS growth of 8% to 1.91 dollar, well above the
consensus, which was expecting 20 cents less.

The manufacturer of products such as Pratt & Whitney aircraft engines
and Otis lifts posted revenues that are up 20% at 18.4 billion dollars,
including organic growth of 8% and a 15% impact from changes in its
consolidation scope, which was partly offset by a negative FX impact of
-3%.


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