United technologies (UTC) Earnings Review

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United Technologies announced its third quarter earnings on October 22, 2013. The company missed estimates for revenues, but beat earnings expectations. The company reported revenues of $15.5 billion, an improvement of 3% year-over-year (YoY). Its per-share earnings of $1.55 were 13% higher YoY. UTC’s Commercial business posted 3% higher revenues of $7.5 billion following strong growth in China and North America.
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