United Technologies Raises FY18 Adj Earnings, Sales Outlook - Quick Facts

(RTTNews) - United Technologies Corp. (UTX) on Tuesday raised its adjusted earnings guidance for fiscal 2018 to a range of $7.20 to $7.30 per share from the previous guidance range of $7.10 to $7.25 per share, based on the continued positive momentum year-to-date.

The company also said it now projects full-year 2018 sales to range between $64.0 billion and $64.5 billion, on an improved organic growth outlook of 6 percent.

Previously, the company had projected sales between $63.5 billion and $64.5 billion, on organic sales growth of about 6 percent, up from 5 to 6 percent.

On average, 18 analysts polled by Thomson Reuters expect the company to report earnings of $7.23 per share on sales of $64.58 billion for the year. Analysts' estimates typically exclude special items.