HARTFORD, Connecticut ( TheStreet) -- United Technologies (UTX - Get Report), the industrial giant, said Wednesday it was raising its full-year forecast as second-quarter earnings rose because of organic sales growth at all six of its business segments.
Earnings rose to $1.32 billion, or $1.45 a share, up from $1.1 billion, or $1.20 a share, a year earlier.
Analysts surveyed by Thomson Reuters expected United Technologies to earn $1.41 a share in the quarter on revenue of $14.7 billion.United Technologies, in a press release Wednesday, said it was raising its full-year earnings outlook to $5.35 to $5.45 a share, up from $5.25 to $5.40 a share previously, "based on the exceptional first half performance at Carrier, strong order rates, and the weaker than planned U.S. dollar." The company said it expects 2011 EPS growth of 13% to 15% on sales of $58 billion, up from its previous expectation of $57 billion. -- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts