Unfortunately, not every earnings report has been a boon to stocks today. United Technologies Corporation (NYSE:UTX) topped analyst earnings predictions with an EPS result of $1.39, up $0.36 from last year’s quarter, but its revenue of $14.4 billion missed estimates despite rising 16% year over year. That miss has sent the stock skidding 1.6%, making it the worst-performing Dow component today. It was still a decent quarter for the company. United Technologies Corporation (NYSE:UTX)’ aerospace business soared on the back of its Goodrich acquisition and a 4%-plus increase in operating profit at jet engine subsidiary Pratt & Whitney. One-time items did add $0.11 to earnings, however, and the revenue miss has been enough to wipe out any optimism about the company’s quarter.
The article How Earnings Hits Have Pushed the Dow to Triple-Digit Gains originally appeared on Fool.com.
Fool contributor Dan Carroll has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.
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