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United Technologies on Tuesday reported a higher-than-expected quarterly profit and raised its full-year earnings per share and sales forecasts for the second time this year.
Shares of the maker of Otis Elevators, Pratt & Whitney aircraft engines and Carrier air conditioners were up about 1.7 percent at $122.98 in premarket trading.
United Tech raised its 2017 adjusted earnings per share forecast to $6.58-$6.63 from $6.45-$6.60, and also raised the lower end of its sales forecast range to $59.0 billion-$59.5 billion from $58.5 billion-$59.5 billion.
United Tech said income from continuing operations attributable to shareholders fell to $1.33 billion, or $1.67 per share, in the third quarter ended Sept. 30, from $1.44 billion, or $1.74 per share, a year earlier.
On an adjusted basis, the company earned $1.73 per share, compared with $1.76 per share a year earlier.
Net sales rose about 5 percent to $15.06 billion.
Analysts on average were expecting third-quarter earnings of $1.69 per share, and revenue of $14.98 billion, according to Thomson Reuters I/B/E/S.