United Technologies Offers Outlook Below Street Views

United Technologies Corporation UTX shares dropped in Thursday's extended session after the diversified technology company offered an outlook below expectations.

The company traded recently at $113, down 0.9 percent.

The company expects fourth-quarter earnings of $1.60 a share, on revenue of $17 billion.

Wall Street expects profits of $1.68 a share, on revenue of $17.18 billion.

In the year-earlier fourth quarter, the company earned $1.58 a share on revenue of $16.76 billion.

United Technologies also forecast 2014 earnings of $6.80 a share on revenue of $65 billion, versus analysts' expectation of $6.87 a share on revenue of $65.24 billion.

For 2015, the company predicted earnings of between $7 and $7.20 a share, on revenue of $66 billion to $67 billion.

Wall Street expects 2015 earnings of $7.27 a share on revenue of $67.52 billion.

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