HARTFORD (dpa-AFX) - United Technologies Corp. (UTX) announced that it has narrowed the company's expectation for 2012 earnings per share to about $5.32, from $5.25 to $5.35. Analysts currently expect fiscal 2012 earnings of $5.32 per share.
The company said it continues to expect sales of approximately $58 billion. Analysts now expect sales of $57.95 billion for fiscal 2012.
Further, the company projected 2013 earnings per share of $5.85 to $6.15 and sales in the range of $64 billion to $65 billion. Analysts now expect fiscal 2013 earnings of $6.12 per share and revenue of $66.40 billion.
The company continues to anticipate cash flow from operations less capital expenditures will exceed net income attributable to common shareowners in 2012 and anticipates it will be equal to or in excess of net income attributable to common shareowners in 2013.
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