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United Technologies Corp. (NYSE:UTX) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Net income increased 55.25% to $2.06 billion ($1.04 per diluted share) in the quarter versus a net gain of $1.33 billion in the year-earlier quarter. Revenue rose 9.58% to $16.4 billion from the year-earlier quarter.
United Technologies Corp. reported adjusted net income of $1.04 per share. By that measure, the company beat the mean analyst estimate of $1.03. It missed the average revenue estimate of $16.62 billion.
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