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Business/Financial

UTC Finishes 2007 With Strong Quarter, Sees Robust 2008

DDN

Thursday, January 24th, 2008

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By Calvin Biesecker United Technology Corp. [UTX] yesterday posted strong fourth quarter results driven by sales and profit gains at each of its operating segments and the diversified industrial company expects continued solid results in 2008. Despite predictions of difficult economic conditions in many parts of the world, UTC officials said they don't foresee "dire economic consequences" and said the company is "built to outperform." Net income in the quarter increased 23 percent to $1.1 billion, $1.08 earnings per share…

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