United Technologies Posts Q2 Results Beat

United Technologies shares were higher 1.5% in pre-market trade after the company reported Tuesday Q2 adjusted earnings of $1.85 per share, up from $1.82 per share in the prior year period and came in higher than the $1.77 per share Street estimate provided by Capital IQ. UTX was at $125 recently, a new high if it holds into regular trading. The current 52-week range is between $97.62 and $124.79.

Net sales were $15.28 billion, up from $14.87 billion reported for the same period last year and higher than the $15.24 billion Street estimate. For 2017, the company now expects adjusted earnings to range from $6.45 to $6.60 per share on revenues of $58.5 billion to $59.5 billion, as compared to previously issued outlook of $6.30 to $6.60 of adjusted EPS on revenues of $57.5 billion to $59 billion. The Street estimate calls for earnings of $6.59 per share on revenues of $59.08 billion.

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