Skip to main content

United Technologies Reaffirms Guidance

United Technologies reconfirms earnings and revenue guidance for 2009.
  • Author:
  • Publish date:

United Technologies

(UTX) - Get United Technologies Corporation Report

reconfirmed its earnings and revenue guidance for 2009 Wednesday.

The Hartford, Conn.-based conglomerate, best known for its Pratt & Whitney aircraft-engine unit, said its forecasts for the year remain for a profit of $4.00 to $4.50 a share on revenue of $55 billion.

Scroll to Continue

TheStreet Recommends

Analysts are looking for EPS of $4.08 and revenue of $54.2 billion.

In a pre-market release, United Technologies CFO Greg Hayes said he expects 2009 cash flow from operations -- excluding capital expenditures -- to be more than the company's net income attributable to common shareholders.

Shares of the company were up slightly Wednesday morning, trading at $52.12, up 28 cents.

Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.