United Technologies (UTX, $132.32) beats Q2 earnings & sales estimates; boost full-year outlook

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%.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.