UTC Profits Up In Fourth Quarter
By STEPHEN SINGER, AP Business Writer
HARTFORD, Conn. (AP) _ United Technologies Corp. says its fourth-quarter profit rose nearly 11 percent as revenue grew 1 percent.
The manufacturer of elevators, jet engines, heating and cooling equipment and other industrial products says net income was $1.33 billion, or $1.47 per share. That’s up from $1.2 billion, or $1.31 per share, in the October-December period in 2010.
Revenue grew to $14.97 billion from $14.86 billion.
Analysts polled by FactSet were expecting earnings per share of $1.46 and revenue of $15.06 billion.
United Technologies is based in Hartford, Conn.
(Copyright 2012 by The Associated Press. All Rights Reserved.)