United Technologies Reaffirms 2014 EPS View; Expands Share Buyback - Quick Facts

(RTTNews) - Diversified conglomerate United Technologies Corp. (UTX), in advance of a meeting today with investors, reaffirmed 2014 earnings per share expectations of $6.75 to $6.85, up 9% - 10% from the prior year, on sales of about $65 billion. Analysts polled by Thomson Reuters expect the company to report earnings of $6.86 per share and revenues of $65.36 billion for fiscal 2014. Analysts' estimates typically exclude special items.

The company said it also plans to increase the level of share repurchases for the year from the previously announced $1.25 billion to $1.35 billion.