United Technologies: raises FY targets

(CercleFinance.com) - United Technologies says that it is now looking for FY 2019 adjusted EPS of between 7.
90 dollars and 8.05 dollars, up a notch from 7.80 dollars to 8 dollars previously, for expected sales growth of between 4% and 5% (vs. 3% to 5% previously).

In Q2, the manufacturer of, amongst other items, Pratt & Whitney aircraft engines and Otis lifts, reported adjusted EPS that is up 12% to 2.20 dollars, fifteen cents above the consensus.

The industrial conglomerate posted revenues that are up 18% at 19.6 billion dollars, including organic growth of 6% and a scope effect of 13% (with the integration of Rockwell Collins), although FX factors shaved 1% off the group's results.


Copyright (c) 2019 CercleFinance.com. All rights reserved.