exceeded analysts' third-quarter expectations and raised its profit forecast for the full year.
The maker of helicopters and elevators had quarterly earnings of $996 million, or 99 cents a share, up from $821 million and 81 cents a share a year ago.
Revenue for the quarter increased 12% from last year to $12.2 billion. On average, analysts were looking for earnings of 96 cents and a top line of $11.9 billion.
"Commercial aerospace volumes and margins were up significantly at Pratt and Hamilton Sundstrand, along with solid profit growth at UTC Fire & Security and Otis. These gains more than offset weaker market conditions in two of Carrier's businesses and production challenges at Sikorsky on materially higher volumes," Chairman and Chief Executive George David said Tuesday.
For the full year, United Technologies now expects earnings of $3.65 to $3.69, up 17% to 18% from 2005, excluding an accounting change. Previously, the company forecast a profit of $3.55 to $3.65 this year.