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UTC Posts Fourth Quarter Earnings Gain On Slight Slip In Sales

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By Calvin Biesecker United Technologies [UTX] yesterday reported mixed fourth quarter results to end an otherwise solid year despite a tough global economy. Net income in the quarter was up 8 percent to over $1.1 billion, $1.23 earnings per share (EPS), from just under $1.1 billion ($1.08 EPS) a year ago, matching analysts' estimates. Earnings were aided by a net gain of six cents due to certain divestitures, sales of securities and favorable tax adjustments. Sales dipped 1 percent to…

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