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DewDiligence

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DewDiligence

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Re: DewDiligence post# 9580

Tuesday, 01/27/2015 3:15:32 PM

Tuesday, January 27, 2015 3:15:32 PM

Post# of 29431
In contrast to 3M, UTX cut 2015 guidance for sales and earnings:

http://www.wsj.com/articles/united-tech-cuts-outlook-on-stronger-dollar-pension-rates-1422307670

United Technologies Corp. cut its 2015 sales and profit forecasts as the strengthening dollar takes a bite out of overseas sales of its jet engines, elevators and other heavy equipment.

The company cut its 2015 sales expectations by $1.5 billion, to a range of $65 billion to $66 billion, and said its earnings would be hurt by foreign-exchange effects.

“It really is one word, and that’s ‘currency,’ that we’re focused on,” Chief Executive Greg Hayes said in an interview.

Then again, UTX is a conglomerate, while 3M isn’t :- )

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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