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United Technologies outlook: Earnings growth will resume in 2010
11 September 2009
President and CEO Louis R Chênevert said company earnings would pick up next year, but challenges in aerospace sector would remain
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United Technologies remain confident earnings would revive next year, but said its aerospace business will continue to experience declines.
Louis R Chênevert, president and chief executive officer, said that United Technologies’ earnings would grow by the end of 2010 with shares earning between $4 and $4.20 this year. Chênevert spoke in a webcast from the Morgan Stanley Global Industrials Unplugged Conference in New York on 1st September.
Although his overall outlook for 2010 remained optimistic, Chênevert said the aerospace sector is still experiencing declines, emphasizing...
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