United Technologies chair confirms guidance
MEDFORD, Massachusetts |
MEDFORD, Massachusetts (Reuters) - United Technologies Corp (UTX.N) Chairman George David said on Friday he is confident his company will meet its full-year profit forecast.
The company told investors in February it expects to report full-year profit of $4.65 to $4.85 per share, he said.
"We feel quite comfortable with that," he told Reuters. He said some analysts looked for earnings of $4.86 per share, adding "that's all OK."
He discussed the industrial conglomerate's financial outlook in an interview with Reuters a few hours after rival General Electric Co (GE.N) reported disappointing quarterly results and lowered its outlook for the rest of the year.
David declined to comment on GE's difficulties, but said his company's businesses are meeting their targets.
He was in Medford, Massachusetts speaking at a conference at Tufts University.
(Reporting by Jim Finkle; editing by Jeffrey Benkoe)
- Tweet this
- Share this
- Digg this