August 9, 2007
United Technologies reaffirms revenue guidance of $53 billion
United Technologies Corp. on Thursday reaffirmed its revenue guidance of $53 billion this year and earnings per share in the range of $4.15 to $4.25.
Greg Hayes, vice president of accounting and finance, made the announcement at a meeting with investors at the Credit Suisse 2007 Electrical Equipment and Multi-Industry conference in Westbrook, Conn.
United Technologies, the parent company of jet engine manufacturer Pratt & Whitney, airline power systems maker Hamilton Sundstrand, Otis elevator and other industrial companies, raised its revenue guidance for the year to $53 billion, from $51 billion when it released its second-quarter earnings on July 18. It raised its per-share earnings guidance to between $4.15 and $4.25 from between $4.05 and $4.20.
Shares of United Technologies traded at $74.27, up 22 cents, in early afternoon trading.
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