United Technologies backs previous 2012 outlook

Associated Press

HARTFORD, Conn. (AP) — United Technologies Corp. on Tuesday backed its previous 2012 guidance.

The company said it still expects to post a profit from continuing operations of $5.25 to $5.35 per share on sales of about $58 billion. Analysts, on average, expect a profit of $5.32 per share on $57.94 billion in revenue, according to a FactSet poll.

Shares of United Technologies rose 27 cents to $78.95 in midday trading.