United Technologies Corp. (UTX) Tops Q2 EPS by 4c; Authorizes $2.5B Buyback; Raises FY11 Outlook
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United Technologies Corp. (NYSE: UTX) reported Q2 EPS of $1.45, $0.04 better than the analyst estimate of $1.41. Revenue for the quarter came in at $15.1 billion versus the consensus estimate of $14.7 billion.
Announces a $2.5 billion buyback program.
Raises its FY11 EPS guidance from $5.25-$5.40 to $5.35-$5.45, which compares to the Street estimate of $5.44. See sales of about $58 billion, vs. the consensus of $57.8 billion.
Announces a $2.5 billion buyback program.
Raises its FY11 EPS guidance from $5.25-$5.40 to $5.35-$5.45, which compares to the Street estimate of $5.44. See sales of about $58 billion, vs. the consensus of $57.8 billion.
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