United Technologies (UTX) Tops Q2 EPS by 14c
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UTC Reports Second Quarter 2016 Results
July 26, 2016 6:55 AM EDTFARMINGTON, Conn., July 26, 2016 /PRNewswire/ --Â United Technologies Corp. (NYSE: UTX) today reported second quarter 2016 results. Â All results in this release reflect continuing operations unless otherwise noted.
Second quarter GAAP EPS of $1.71 was up 4 percent versus the prior year and included 11 cents of net restructuring and other significant non-operational items. Adjusted EPS of $1.82 was up 9 percent versus the prior year. Net income in the quarter was $1.4 billion, down 3 percent versus the prior year. Sales of $14.9 billion were up 1 percent, with 1 point of organic and 1 point of net acquisition growth offset by 1 point... More
