United Tech's quarterly profit slumps 8 pct [Reuters]
UNITED TECHNOLOGIES (UTX)
Last united technologies earnings: 1/28 06:30 am
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Source: Reuters
United Tech's quarterly profit slumps 8 pct | Reuters Reuters Staff 1 Min Read Oct 24 (Reuters) - United Technologies Corp reported a 7.8 percent drop in quarterly profit on Tuesday, partly as it spends on increasing production of its fuel-saving geared turbofan aircraft engines. The maker of Otis Elevators, Pratt & Whitney aircraft engines and Carrier air conditioners said income from continuing operations attributable to shareholders fell to $1.33 billion, or $1.67 per share, in the third quarter ended Sept. 30, from $1.44 billion, or $1.74 per share, a year earlier. On an adjusted basis, the company earned $1.73 per share, compared with $1.76 per share a year earlier. Net sales rose about 5 percent to $15.06 billion. (Reporting by Ankit Ajmera in Bengaluru; Editing by Martina D‘Couto) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2017 Reuters. All Rights Reserved. United Tech's quarterly profit slumps 8 pct Oct 24 (Reut
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