NEW YORK CITY – United Technologies Corp. (NYSE:UTX) raised the lower end of its expected 2011 earnings per share range to $5.20 from $5.05, and now expects earnings per share of $5.20 to $5.35. The company also reaffirmed expectations for sales of $56 billion to $57 billion, and cash flow from operations less capital expenditures equal to or exceeding net income attributable to common shareowners.
“We are off to a great start with continuing strength in our short-cycle businesses and are confident of achieving double digit earnings growth in 2011 in spite of rising commodity costs and higher technology investments,” said Louis Chênevert, Chairman & Chief Executive Officer.
United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries. Additional information, including a webcast, is available on the Internet at http://www.utc.com.
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