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United Technologies posts earnings of $1.47 a share vs. $1.39 expected

Gregory Hayes, CEO of United Technologies
Joshua Roberts | Bloomberg | Getty Images
Gregory Hayes, CEO of United Technologies

United Technologies on Wednesday posted earnings and revenue that topped analysts' expectations, and said it sees signs that the equipment market is bottoming in China.

Unit orders in China rose in the latest quarter, Chief Executive Greg Hayes said in an interview with Reuters.

The maker of aircraft engines and parts, elevators and climate controls and security systems expects activity in China to rise in the second half of the year, Hayes said.

The company reported adjusted earnings of $1.47 a share, beating the $1.39 a share forecast.

Revenue for the quarter totaled $13.357 billion, compared with the $13.179 billion expected.

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The company also backed its 2016 guidance of $6.30 to $6.60 a share, on anticipated revenue of $56 billion to $68 billion.

Reuters contributed to this report.