United Technologies Beats 3Q Estimates - TheStreet

United Technologies Beats 3Q Estimates

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United Technologies

beat analysts' expectations for the latest third quarter, despite the negative effects of foreign currency translation.

The company reported earnings for the latest third quarter of $496 million, or 98 cents a share, compared with $436 million, or 83 cents a share, in the prior-year period. Wall Street expected the company to earn 96 cents a share, according to a

First Call/Thomson Financial

survey of 17 analysts.

Revenue rose about 6% to $6.47 billion from $6.13 billion a year ago. The negative impact of foreign currency translation reduced third-quarter reported revenue growth by two percentage points and lowered diluted earnings per share by 2 cents.