United Technologies UTX 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.
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