• United Technologies, the industrial giant, reported a fourth-quarter profit of $1.33 billion, or $1.47 a share.
  • Revenue was $14.97 billion.
  • Analysts polled by Thomson Reuters expected earnings of $1.46 a share on revenue of $15.07 billion.
  • In the year-earlier fourth quarter, United Technologies earned $1.2 billion, or $1.31 a share.



) -- United Technologies' fourth-quarter profit and sales received a lift from its Pratt & Whitney and Otis divisions.

Pratt & Whitney, the engine maker, had sales of $3.6 billion in the fourth quarter and about $13.43 billion for 2011. Elevator maker Otis had fourth-quarter sales of about $3.2 billion and full-year sales of roughly $12.44 billion.

Otis had operating profit of $711 million in the fourth quarter and $2.82 billion for the year. Pratt & Whitney posted operating profit of $539 million and $2 billion, respectively.

United Technologies said commercial aerospace is one area with the potential to have a strong performance in 2012.

"We remain confident in our ability to deliver 2012 earnings per share of $5.80 to $6.00, up 6% to 9%, for our base business excluding the pending Goodrich transaction, which remains on track to close mid-year," CEO Louis Chênevert said in a statement. "While we see ongoing volatility in foreign exchange rates, we continue to see strength in commercial aerospace and growth in emerging markets."

Shares of United Technologies slipped 8 cents in premarket trading Wednesday to $77.70.

United Technologies gets a B grade from

TheStreet Ratings

with a buy rating and a price target of



-- Written by Alexandra Zendrian

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Alexandra Zendrian