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Stock impact report

UTC Reports Full Year 2016 Results, Affirms 2017 Outlook

UNITED TECHNOLOGIES (UTX) 
Last united technologies earnings: 1/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: utc.com/investors/pages/default.aspx
Company Research Source: PR Newswire
FARMINGTON, Conn., Jan. 25, 2017 /PRNewswire/ -- United Technologies Corp. (NYSE: UTX) today reported fourth quarter and full year 2016 results.  All results in this release reflect continuing operations unless otherwise noted."In 2016, UTC delivered solid financial results with adjusted earnings just above the top end of our expectations," said UTC Chairman and Chief Executive Officer Gregory Hayes. "UTC also realized significant operational achievements. Our aerospace businesses supported the entry into service of the A320neo and CSeries programs, our Climate, Controls & Security business introduced over 100 new products to enhance future growth, and Otis increased its global segment share for new equipment orders."Hayes continued, "We remain confident in the 2017 expectations we laid out in December. Despite an uncertain global macro environment, our growing aerospace backlog and strategic investments in the commercial businesses position us well to generate higher organic growth i Show less Read more
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