Low Revenues To Hurt United Technologies (UTX) Q3 Earnings?
Zacks Investment Research | Oct 19, 2017 09:14PM ET
Diversified conglomerate United Technologies Corporation (NYSE:UTX) is scheduled to report third-quarter 2017 results before the opening bell on Oct 24. The company is likely to report lower revenues in the quarter due to a challenging macroeconomic environment.
This, in turn, is likely to result in lower earnings for the quarter.
Top-Line Woes
The financial performance of United Technologies depends largely on the conditions of the construction and aerospace industries. The company is also heavily dependent on the U.S. government’s budgetary allocation for defense. A reduction in capital spending for the commercial aviation or defense industries is likely to have a significant effect on the demand for its products.
United Technologies Corporation Price and EPS Surprise
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