United Technologies Earnings: Here’s Why Shares are Up Now

United Technologies Corp. (NYSE:UTX) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.4%.

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United Technologies Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 2.29% to $1.28 in the quarter versus EPS of $1.31 in the year-earlier quarter.

Revenue: Rose 15.9% to $14.4 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: United Technologies Corp. reported adjusted EPS income of $1.28 per share. By that measure, the company missed the mean analyst estimate of $1.30. It missed the average revenue estimate of $14.94 billion.

Quoting Management: “Our focus on integration and execution led to solid performance as we continue to build momentum,” said Louis Chenevert, UTC Chairman & Chief Executive Officer. “The Goodrich and IAE acquisitions are exceeding our expectations and creating new opportunities for long term organic growth.”

Key Stats (on next page)…

Revenue decreased 12.43% from $16.44 billion in the previous quarter. EPS increased 23.08% from $1.04 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.58 to a profit $1.57. For the current year, the average estimate has moved up from a profit of $6.05 to a profit of $6.10 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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