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.)


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