United Technologies' Q1 profit increases 19%

04/24/2012 | New York Times (tiered subscription model), The

United Technologies saw its first-quarter income from continuing operations climb 19%, beating Wall Street expectations, though its revenue for the quarter declined. The company reported quarterly net income of $1.2 billion, or $1.31 a share, not including units that the firm has up for sale. Those results compare with $1.05 billion, or $1.06 a share, on operations a year ago. Revenue at the firm was $12.42 billion in the first quarter, down 2% from a year ago, primarily due to the costs of restructuring the firm.

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New York Times (tiered subscription model), The

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