UTX United Technologies Corporation

In meetings with investors and analysts Thursday, United Technologies Corp. will seek to show it can thrive as an independent company, about a week after Honeywell International Inc. ended its $90 billion bid for its fellow industrial giant.

Honeywell walked away after United Technologies pushed back against the tie-up, citing regulatory hurdles that were too high to overcome.

On Thursday, United Technologies reaffirmed its profit guidance. It expects adjusted per-share profit of between $6.30 and $6.60 for the year and between $1.35 to $1.40 for the first quarter. Analysts polled by Thomson Reuters had expected annual per-share profit of $6.50 and quarterly per-share profit of $1.40.

United Technologies said its annual revenue guidance of between $56 billion to $58 billion also remained the same.

"I've never been more optimistic about the future" of United Technologies, Chief Executive Gregory Hayes said in a prepared statement.

Last week, Honeywell similarly reaffirmed its guidance.

United Technologies shares were inactive premarket.

Write to Austen Hufford at austen.hufford@wsj.com

(END) Dow Jones Newswires

March 10, 2016 08:15 ET (13:15 GMT)

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