United Technologies Q1 Profit Rises - Quick Facts

(RTTNews) - United Technologies Corp. (UTX) reported that its first-quarter net income attributable to common shareowners increased to $1.43 billion from $1.21 billion, prior year. Earnings per share was $1.58 compared to $1.32. The company noted that its results for the current quarter include favorable one-time items of $0.07 per share net of restructuring costs. Excluding items, earnings per share was $1.51.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $1.45 for the quarter. Analysts' estimates typically exclude special items.

Net Sales were $14.54 billion, compared to $14.75 billion, prior year. Analysts expected revenue of $14.88 billion for the quarter. Sales decreased by 1 percent, reflecting the impact of adverse foreign exchange (4 points), which was partially offset by the benefit of organic growth (3 points).