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United Technologies Cuts Annual Forecast on Aerospace, Otis
2015-07-21 16:00:30| Paper - Topix.net
United Technologies Corp. cut its 2015 profit forecast for the second time in just over a month, citing weak demand in the units making aerospace parts and Otis elevators. Excluding the Sikorsky helicopter business being sold to Lockheed Martin Corp., earnings this year will be $6.15 to $6.30 a share, down from $6.35 to $6.55, United Technologies said Tuesday in its second-quarter earnings report.
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United Technologies tops 2Q profit forecasts
2015-07-21 15:08:35| Industrial Machines - Topix.net
The Hartford, Connecticut-based company said it had profit of $1.73 per share. Earnings, adjusted for one-time gains and costs, came to $1.81 per share.
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United Technologies says strong dollar, slowing China to dent full-year profit
2015-07-21 14:03:40| Industrial Machines - Topix.net
"With six months of trends behind us, it is now clear the commercial aftermarket at UTC Aerospace Systems will be significantly below our expectations for the year," Chief Executive Gregory Hayes said in the company's second-quarter earnings statement. He said weakness for Otis in Europe and a slowing China had led the company to revise down estimates for both businesses.
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United Technologies says strong dollar, slowing China to dent full-year profit
2015-07-21 13:49:59| Paper - Topix.net
"With six months of trends behind us, it is now clear the commercial aftermarket at UTC Aerospace Systems will be significantly below our expectations for the year," Chief Executive Gregory Hayes said in the company's second-quarter earnings statement. He said weakness for Otis in Europe and a slowing China had led the company to revise down estimates for both businesses.
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United Technologies (UTX) Stock Declining After Selling Sikorsky Aircraft
2015-07-20 18:17:05| Industrial Machines - Topix.net
During the most recent weekly roundup, this is what Bryan Ashenberg and Bob Lang , Portfolio Co-Managers, had to say about the stock: :NYSE, $111.51, 165 shares, 4.95%) is a global industrial conglomerate with a new management team focused on streamlining its business while exploring both M&A and divestiture opportunities. The stock is higher by 1% since our last summary update.
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