April 24, 2012 at 09:38 AM EDT
United Tech Beats On U.S. Demand For Heaters, A/C
United Technologies (UTX) reported first-quarter profit Tuesday morning that easily topped Wall Street forecasts, pushing shares significantly higher. The diversified manufacturer earned $1.31 a share from continuing operations, up 18% vs. a year earlier and 11 cents above Wall Street forecasts. Sales fell nearly 7% to $12.42 billion, below forecasts for $12.71 billion. United Tech reiterated its full-year guidance. Shares rose more than 1% in
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