UPDATE: United Technologies Posts Higher Q2 Profit

United Technologies

reported a rise in its second-quarter profit. United Technologies' quarterly profit surged to $1.56 billion, versus $1.33 billion, in the year-ago period. Its per-share earnings from continuing operations climbed to $1.70 per share from $1.62 per share. Its net sales surged to $16 billion from $13.8 billion. However, analysts were projecting adjusted earnings of $1.57 per share on sales of $16.37 billion. United Technologies shares closed at $102.11 yesterday.