The Traderszone Network

Published in TZ Latest News 21 July, 2015 by The TZ Newswire Staff

United Technologies Cuts Annual Forecast on Aerospace, Otis

United Technologies Corp. cut its 2015 profit forecast for the second time in just over a month, citing weak demand in the units making aerospace parts and Otis elevators. Excluding the Sikorsky helicopter business being sold to Lockheed Martin Corp., earnings this year will be $6.15 to $6.30 a share, down from $6.35 to $6.55, United Technologies said Tuesday in its second-quarter earnings report.

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