United Technologies posts fourth-quarter profit on demand for aircraft engines

United Technologies Corp , the maker of Otis Elevators and Carrier air conditioners, posted a fourth-quarter profit, compared with a year-ago loss, driven by better sales at its Pratt & Whitney aircraft engines unit.

REUTERS: United Technologies Corp , the maker of Otis Elevators and Carrier air conditioners, posted a fourth-quarter profit, compared with a year-ago loss, driven by better sales at its Pratt & Whitney aircraft engines unit.
The company's net income from continuing operations attributable to shareholders was US$1.02 billion, or US$1.26 per share, in the quarter ended Dec. 31.
The company's attributable loss from continuing operations was US$256 million, or 30 cents per share, a year earlier.
United Technologies' net sales rose 2.5 percent to US$14.66 billion.
(Reporting by Rachit Vats in Bengaluru; Editing by Savio D'Souza)
United Technologies posts fourth-quarter profit on demand for aircraft engines Reviewed by Bizpodia on 04:28 Rating: 5

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