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United Technologies Beats 3Q Estimates

United Technologies

(UTX) - Get United Technologies Corporation Report

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

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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.