United Technologies (UTX) Tops Q3 EPS by 9c

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Go back to United Technologies (UTX) Tops Q3 EPS by 9c

UTC Reports Third Quarter 2016 Results

October 25, 2016 6:55 AM EDT

FARMINGTON, Conn., Oct. 25, 2016 /PRNewswire/ -- United Technologies Corp. (NYSE: UTX) today reported third quarter 2016 results. All results in this release reflect continuing operations unless otherwise noted.

Third quarter GAAP EPS of $1.74 was up 8 percent versus the prior year and included 2 cents of net restructuring and other significant items. Adjusted EPS of $1.76 was up 5 percent versus the prior year. Net income in the quarter was $1.4 billion, up 1 percent versus the prior year. Sales of $14.4 billion were up 4 percent, driven by 5 points of organic growth partially offset by 1 point of adverse foreign exchange.... More