United Technologies Lifts 2017 Outlook

(RTTNews) - United Technologies Corp. (UTX) said that it increased 2017 full year adjusted earnings per share and low end of sales outlook.

The company raised its adjusted earnings per share for fiscal year 2017 outlook to a range of $6.58 to $6.63, from the prior range of $6.45 to $6.60 per share. The company now expects annual sales to be in the range of $59.0 billion to $59.5 billion, compared to the prior outlook of $58.5 billion to $59.5 billion. Analysts polled by Thomson Reuters expect the company to report earnings of $6.57 per share and revenues of $59.44 billion for fiscal year 2017.

There is no change in the Company's previously provided 2017 expectations for organic sales growth of 3 to 4 percent* or free cash flow of $3.0 to $3.5 billion.