United Technologies (UTX) Tops Q3 EPS by 18c, Raises FY Guidance

United Technologies (NYSE: UTX) reported Q3 EPS of $2.21, $0.18 better than the analyst estimate of $2.03. Revenue for the quarter came in at $19.5 billion versus the consensus estimate of $19.3 billion.

GUIDANCE:

United Technologies sees FY2019 EPS of $8.05-$8.15, versus the consensus of $8.03. United Technologies sees FY2019 revenue of $76-76.5 billion, versus the consensus of $76.97 billion.

• Adjusted EPS of $8.05 to $8.15, up from $7.90 to $8.05;
• Sales of $76.0 to $76.5 billion versus the prior outlook of $75.5 to $77.0 billion;
• Free cash flow of $5.3 to $5.7 billion including $1.0 billion of one-time cash payments related to the portfolio separation, up from $4.5 to $5.0 billion;
• There is no change in the Company's previously provided 2019 expectations for organic sales growth of 4 to 5 percent.
• *Note: When we provide expectations for adjusted EPS, organic sales and free cash flow on a forward-looking basis, a reconciliation of the differences between the non-GAAP expectations and the corresponding GAAP measures generally is not available without unreasonable effort. See "Use and Definitions of Non-GAAP Financial Measures" below for additional information.

For earnings history and earnings-related data on United Technologies (UTX) click here.

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