United Technologies Up After Beating Estimates by 2 Cents - TheStreet

United Technologies

was up 0.72% midmorning after reporting a 14% increase in third-quarter earnings, helped by strength in its elevator and aircraft-engine businesses. Earnings of 98 cents per share beat the

First Call/Thompson Financial

estimate of 96 cents per share. The Connecticut company said it is comfortable with the 2000 EPS consensus estimate of $3.53 and sees revenue growing by 7% to 10% in 2001.