expects profits to increase 15% in 2001, as acquisitions drive revenue growth and margins begin to improve.
Revenue could grow 7% to 10% for the year, the manufacturing company said. United Technologies, which is based in Hartford, Conn., owns elevator company
, air conditioning concern
and engine maker
Pratt & Whitney
First Call/Thomson Financial
polled 16 analysts, who offered a consensus estimate of $4.07 a share for 2001. The company earned $3.55 in 2000. Analysts expect United Technologies, a component of the
Dow Jones Industrial Average
, to report revenue of $28.14 billion in 2001, up from $26.58 billion last year.
In morning trading on the
New York Stock Exchange
, United gained 56 cents, or 0.8%, to $75.44.