United Technologies Corp. Announces 5% Decline In Q3 Bottom Line

(RTTNews) - United Technologies Corp. (UTX) revealed a profit for third quarter that declined from last year.

The company said its profit came in at $1.38 billion, or $1.73 per share. This was lower than $1.46 billion, or $1.76 per share, in last year's third quarter.

Analysts had expected the company to earn $1.68 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.3% to $15.45 billion. This was up from $14.54 billion last year.

United Technologies Corp. earnings at a glance:

-Earnings (Q3): $1.38 Bln. vs. $1.46 Bln. last year. -Earnings Decline (Y-o-Y): -5.5% -EPS (Q3): $1.73 vs. $1.76 last year. -EPS Decline (Y-o-Y): -1.7% -Analysts Estimate: $1.68 -Revenue (Q3): $15.45 Bln vs. $14.54 Bln last year. -Revenue Change (Y-o-Y): 6.3%

-Guidance: Full year EPS guidance: $6.58 to $6.63 Full year revenue guidance: $59.0 to $59.5 Bln