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"United Tech profit beats forecasts on aerospace jump"

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bar1080   Wednesday, 01/23/19 12:31:11 PM
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Post # of 101 
"United Tech profit beats forecasts on aerospace jump"

"(Reuters) - United Technologies Corp (UTX.N) beat analysts' estimates for fourth-quarter profit on Wednesday, boosted by a more than 20 percent sales surge at its aerospace businesses, sending the industrial conglomerate's shares higher.

Like other major U.S. manufacturers, UTC, a maker of Pratt & Whitney aircraft engines, Carrier air conditioners and Otis elevators, has benefited from a boom in air travel and record global sales of commercial jets.

Revenue growth of 24 percent and 29 percent, respectively, at Pratt & Whitney and airplane parts maker Rockwell Collins, bode well for a planned split next year, whittling down the company to its core aerospace "

https://finance.yahoo.com/news/united-tech-profit-beats-higher-123257192.html

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