October 23, 2018 / 1:36 PM / a month ago

United Technologies expects higher cost in 2019 due to tariffs

(Reuters) - United Technologies Corp (UTX.N) said on a conference call on Tuesday it expects tariffs to cost about $200 million in 2019, double its prior estimate of about $100 million.

The shares of the U.S. aerospace and industrial company fell 1.7 percent in premarket trading.

Reporting by Ankit Ajmera and Soundarya J in Bengaluru; Editing by Arun Koyyur

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