United Technologies reported earnings and sales that surpassed analysts' estimates. The company also raised its full-year guidance.
The aircraft manufacturing company reported adjusted second-quarter earnings of $2.20 a share, compared to analysts estimate of $2.05 a share (based on FactSet poll).
Sales of $19.63 billion also came in higher than analysts' estimates of $19.55 billion. The figure was also significantly greater than the year-ago quarter’s $16.71 billion.
Looking ahead, United Technologies predicts that its full-year adjusted earnings per share would come in between $7.90 and $8.05, up from a prior forecasted range of $7.80 to $8.00. The company projects that its organic sales will grow by 4 to 5% for the full year, compared to its earlier expectation of 3 to 5%.