HARTFORD, Conn. (AP) -- United Technologies Corp. says third quarter profit rose 13 percent on strong aerospace orders and benefits from restructuring.
The manufacturer of jet engines, elevators, heating and cooling equipment and other aerospace and building components also said it expects per-share profits for the year to reach $4.70, the top end of earlier guidance set at $4.60 to $4.70. That's still below expectations of analysts surveyed by Thomson Reuters, who forecast earnings per share of $4.72.
The Hartford conglomerate said Wednesday it earned $1.2 billion, or $1.30 per share for the quarter ended Sept. 30, up from $1.06 billion, or $1.14 per share in the third quarter last year. Revenue was $13.53 billion, up slightly from $13.38 billion in the year-ago period.
Analysts expected earnings per share of $1.28 on revenue of $13.93 billion.
