UTX United Technologies Corporation

By Dave Sebastian

United Technologies Corp. (UTX) said its profit and sales rose for the fourth quarter, beating analysts' expectations for adjusted earnings and sales.

The Farmington, Conn., aerospace company posted net income $1.14 billion, or $1.32 a share, up from $686 million, or 83 cents a share, in the prior year. Analysts polled by FactSet were expecting $1.89 a share.

Adjusted earnings were $1.94 a share, ahead of the $1.84 a share analysts had expected.

The company reported $19.55 billion in sales, compared with $18.04 billion in the year-ago period. Analysts were looking for $19.42 billion.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

January 28, 2020 07:06 ET (12:06 GMT)

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