United Technologies Reaffirms Guidance

United Technologies

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.

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.

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