NEW YORK — United Technologies Corp. on Thursday issued profit forecasts for this year and 2015 that fell short of market expectations and its shares slipped in extended trading.
The aerospace and building systems conglomerate, which got a new CEO in November, said that it expects to earn $6.80 per share for the year. That lands squarely in the middle of its prior forecast of $6.75 to $6.85 per share. But the outlook is below the $6.87 per share that industry analysts polled by FactSet were anticipating.
United Technology expects revenue of about $65 billion for the year; analysts are anticipating $65.2 billion.
The company also said that it expects to earn $7 to $7.20 per share for 2015 on revenue between $66 billion and $67 billion. Analysts had forecast $7.30 per share on revenue of $67.5 billion.
Shares of United Technology, which is based in Hartford, Connecticut, fell $2.04 to $112 in extended trading.
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