Investing.com - United Technologies (NYSE:UTX) reported third quarter earnings that missed analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.54 on revenue of $16.51B. Analysts polled by Investing.com expected EPS of $1.82 on revenue of $16.15B. That compared to EPS of $1.73 on revenue of $15.06B in the same period a year earlier. The company had reported EPS of $1.97 on revenue of $16.71B in the previous quarter.
For the year, United Technologies shares are down 1.17%, under-performing the S&P Global 100 which is down 0.29% year to date.
United Technologies follows other major Capital Goods sector earnings this month
On Friday, Honeywell (NYSE:HON) reported third quarter EPS of $2.03 on revenue of $10.76B, compared to forecasts of EPS of $1.99 on revenue of $10.75B.
Lam Research (NASDAQ:LRCX) earnings beat analyst's expectations on Tuesday, October 16, 2018, with first quarter EPS of $3.36 on revenue of $2.33B. Investing.com analysts expected EPS of $3.21 on revenue of $2.31B
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