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UTC Posts Strong Third Quarter Results

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By Calvin Biesecker Led by operating profit gains in five of its six segments, United Technologies [UTX] yesterday reported strong third quarter earnings and sales and the company increased its sales expectations for 2007. Net income increased 20 percent to $1.2 billion, $1.21 earnings per share (EPS), from $996 million (99 cents EPS) a year ago, beating consensus estimates by a nickel. The quarter included a 4 cents EPS gain from the benefit of tax adjustments that more than offset…

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