United Technologies Warning for 2014 and 2015; Stock Lower

A warning from United Technologies makes it our stock of the day today. The aerospace and building systems conglomerate indicated that profits for both this year and next would miss analyst estimates. A look at a 52 week chart shows the stock has been as low as 97.30 and as high as 120.66. UTX just got a new CEO in November and now expects to earn $6.80 per share for the year. Its prior forecast was for $6.75 to $6.85 per share. But that is below analyst estimates. For 2015, it expects to earn $7 to $7.20 per share for 2015 on revenue between $66 billion and $67 billion. Analysts had forecast $7.30 per share on revenue of $67.5 billion.