UNITED TECH POST 2011 REVENUE WARNING

Dino D'Amore
By Dino D'Amore December 10, 2010 11:36

UNITED TECH POST 2011 REVENUE WARNING

United Technologies has announced it expects 2011 revenue to fall short of Wall Street expectations, even though sales are up across its subsidiary businesses apart from Pratt & Whitney.

The firm said it expects to earn between $5.05 and $5.35 per share in 2011, with revenue of $56 billion to $57 billion. However Wall Street had been expecting earnings of $5.30 per share and revenue of $57.07 billion.

United Technologies share price fell on the news by nearly 3% to $75.35.

Dino D'Amore
By Dino D'Amore December 10, 2010 11:36
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Ftechnology%2Funited-tech-post-2011-revenue-warning%2F"> registered </a> users can comment.