The chief executive of United Technologies Corp. has warned investor analysts against expecting double-digit earnings growth this year because of a strong dollar that’s making exports more expensive and pension funding.
Pfizer’s second-quarter earnings plunged 79 percent from last year, when the world’s second-largest drugmaker booked a business spinoff gain of more than $10 billion, but results in the most recent quarter still edged analyst expectations.
Cigna Corp.’s first-quarter earnings plunged 85 percent as the health insurer booked a heavy charge to exit a couple businesses that have dragged down its performance.
United Technologies Corp. says its net income climbed and revenue rose 16 percent with help from last summer’s purchase of aerospace parts maker Goodrich Corp.
The parent company of the Mohegan Sun casinos in Connecticut and Pennsylvania says third-quarter profit plunged more than two-thirds as new casinos in the Northeast lured away gamblers and remaining customers reduced spending.
Health insurer Aetna’s latest results beat analyst expectations, and yjr raised its 2012 earnings forecast despite a drop in second-quarter net income..
United Technologies’ net income from continuing operations rose more than 19 percent during the first quarter, but revenue was down 2 percent from the same period last year.