December 12, 2013 / 10:52 PM / in 4 years

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

(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

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