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UTC Stumbles In Second Quarter, Lowers Guidance For 2015

Rich Abott By
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Fresh off announcing a $9 billion sale of its Sikorsky Aircraft division, United Technologies Corp. [UTX] on July 21 posted lower sales and earnings in its second quarter and the company lowered its guidance for the year due to softened expectations for its commercial aerospace and the people-moving division of its building systems business.Net income fell 8 percent to $1.5 billion, $1.73 earnings per share (EPS), from $1.7 billion ($1.84 EPS) a year ago, topping consensus by two cents per…

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