Reuters logo
UTX forecasts muted 2014 on weak U.S. defense sales
December 12, 2013 / 10:52 PM / 4 years ago

UTX forecasts muted 2014 on weak U.S. defense sales

Trade visitors look at Pratt & Whitney's F100-PW-229 engine at the biennial Asian Aerospace 2004 airshow in Singapore, February 25, 2004. REUTERS/David Loh

(Reuters) - United Technologies Corp (UTX.N), which makes Pratt & Whitney jet engines and Black Hawk helicopters, forecast 2014 results below analysts’ expectations, citing weakness in its U.S. defense business.

The diversified manufacturer projected a profit of $6.55-$6.85 per share on revenue of about $64 billion for 2014. (r.reuters.com/vyk45v)

Analysts on average had expected earnings of $6.84 per share on revenue of $66.25 billion, according to Thomson Reuters I/B/E/S.

The company’s shares were marginally down at $107 in extended trading. The stock closed at $108.09 on the New York Stock Exchange on Thursday.

Reporting by Supantha Mukherjee in Bangalore; Editing by Don Sebastian

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below