profit rise United Tech 8 percent, gives rosier outlook

<div dir="ltr" style="text-align: left;" trbidi="on"> <span style="font-size: large;"><a href="http://technology-xtra.blogspot.com/">TECHNOLOGY XTRA</a> discuss information about <b>United Tech posts 8 percent profit rise, gives rosier outlook</b></span><br /> <br /> <b>United Technologies Corp posted an 8 percent increase in quarterly profit</b>, topping estimates, as sales of its elevators and aircraft parts helped offset a sluggish performance in its Pratt & Whitney engine business.<br /> <br /> <span style="color: #351c75;">The maker of Sikorsky helicopters and Otis elevators said second-quarter net income rose to $1.68 billion, or $1.84 per share, from $1.56 billion, or $1.71 per share, a year earlier. Revenue rose 7 percent to $17.19 billion. United Tech posted organic revenue growth of 3 percent, which excludes sales from a helicopter agreement with Canada and net divestitures.</span><br /> <br /> "Although EPS was a beat in the quarter, we think results on an underlying basis were essentially in-line, with restructuring and one time charges/gains...clouding expectations," RBC Capital Markets analyst Robert Stallard said in a research note.<br /> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7mlmwgqV4Ed44WXqz293R3E5bbIeZsRQFz2aoRr0bpYU6iU3BydaTrZ2HvI0fN9AsCrZnOqwDTlh3ZoQ1gZiiOfBrD1INPlAc_1_yrooZ1aaMi3h5ay7kxfWvQ6AzUrXJHnR5pRibymc/s1600/2.+United+Tech+posts+8+percent+profit+rise,+gives+rosier+outlook.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="profit rise United Tech 8 percent, gives rosier outlook" border="0" height="209" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7mlmwgqV4Ed44WXqz293R3E5bbIeZsRQFz2aoRr0bpYU6iU3BydaTrZ2HvI0fN9AsCrZnOqwDTlh3ZoQ1gZiiOfBrD1INPlAc_1_yrooZ1aaMi3h5ay7kxfWvQ6AzUrXJHnR5pRibymc/s1600/2.+United+Tech+posts+8+percent+profit+rise,+gives+rosier+outlook.jpg" title="profit rise United Tech 8 percent, gives rosier outlook" width="320" /></a></div> <div style="text-align: center;"> <br /></div> Spare part orders at United Tech's aerospace components unit, UTC Aerospace Systems, jumped 28 percent, but spare commercial engine orders dropped 6 percent at Pratt & Whitney. Sales at Pratt edged down 0.9 percent to $3.59 billion.<br /> <br /> While sales at Otis rose 7 percent, new equipment orders increased only 3 percent. Analysts have been concerned that a potential slowdown in building in China could hamper United Tech's sales of elevators and other products for commercial buildings, such as climate-control and security systems. "The Otis number suggests significant slowing in China," JPMorgan analyst Joseph Nadol said in a note.<br /> <br /> <span style="color: #38761d;">United Tech projected 2014 earnings of $6.75 to $6.85 per share, raising the low end from $6.65. The company said it now expected less than $1 billion in acquisitions for 2014, after previously projecting about $1 billion in deals. Shares of United Tech rose 0.6 percent to $113.65 in premarket trading. Through Monday, the stock had fallen 0.7 percent this year, compared with a nearly 3 percent rise for the Dow Jones industrials index.</span><br /> <br /> Thank you to read the article "<b>profit rise United Tech 8 percent, gives rosier outlook</b>" after my last update, entitled "<a href="http://technology-xtra.blogspot.com/2014/07/the-companys-shares-are-up-17-percent.html">The company's shares are up 17 percent by Apple rebound</a>" on my blog.</div>

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The company's shares are up 17 percent by Apple rebound

<div dir="ltr" style="text-align: left;" trbidi="on"> <span style="font-size: large;"><b><a href="http://technology-xtra.blogspot.com/">TECHNOLOGY XTRA</a></b></span> discuss information about <b><span style="font-size: large;">The company's shares are up 17 percent by Apple rebound</span></b><br /> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> The company's shares are up 17 percent for the year, nearly three times the performance of the benchmark Standard & Poor's 500 stock index over the same time. Yet the company remains one of the most significantly underweighted stocks among large cap fund managers, according to a Goldman Sachs report.</div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> Part of the reason for a lack of portfolio manager enthusiasm is that <i>Apple</i> Inc no longer seems to be the hot growth company of old, fund managers say. Apple reports results for its fiscal third quarter on Tuesday, July 22. The company will also provide a forecast for the current quarter: on average, analysts are estimating revenue in the quarter will grow 8 percent to $40.4 billion.</div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <b>The company's profits come mainly from its line of iPhones</b>, <span style="color: #990000;">which faces more competition from Samsung and a coterie of up-and-coming Chinese companies such as Huawei and Xiaomi, Smartphone makers that are grabbing market share - particularly in Asia - with reasonably priced yet capable devices</span>.</div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> "(Apple's) growth doesn't look that exciting when we can buy into a company that is growing 15 to 25 percent," he said. Aylesworth noted he has positions in companies such as SanDisk and Netflix, both of whose revenue has grow by 10 percent or more in their most recent quarters.</div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <u>Apple is the largest holding in the $622 million Buffalo Growth Fund</u>, where co-portfolio manager Chris Carter said the company's <b>Smartphone business should provide sustainable profit increases</b>.</div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> But Carter said Apple's slowed growth in recent years is a factor "potentially scaring off some growth managers," while its dividend may not be enough to attract value managers.</div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> <b>Apple’s forward price-earnings</b> ratio, which is somewhat reflective of expectations of slowing growth, stands at below 14, compared with the nearly 82 that ultra-growth stock Netflix commands.</div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> Some investors on Wall Street, who point to statements by Apple executives, are not as downbeat. <b>Apple Chief Executive</b> Tim Cook has promised new "product categories" for 2014, while Senior Vice President Eddy Cue said in May that the company's pipeline was the best he has seen in his 25 years at the company.</div> <div class="MsoNormal" style="text-align: center;"> <br /></div> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVogA79qkmCp6J9xEuHMRkrBtY57-q977jR4yPcMXiR9um8DGpJhpU5HznmqWXkRdMUMwwNPMnaQMtInB-v6OpVNBM149owXww1y6CCRQ-hAAVSINdkDoDJ9UOb-TVgAntpgdMyptUi4U/s1600/1.+Fund+managers+unconvinced+by+Apple+rebound.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="The company's shares are up 17 percent by Apple rebound" border="0" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVogA79qkmCp6J9xEuHMRkrBtY57-q977jR4yPcMXiR9um8DGpJhpU5HznmqWXkRdMUMwwNPMnaQMtInB-v6OpVNBM149owXww1y6CCRQ-hAAVSINdkDoDJ9UOb-TVgAntpgdMyptUi4U/s1600/1.+Fund+managers+unconvinced+by+Apple+rebound.jpg" title="The company's shares are up 17 percent by Apple rebound" width="320" /></a></div> <br /> <div class="MsoNormal"> Many investors expect Apple to make a play for the wearable device market with a smart watch. Analysts also expect the company to introduce two versions of its <b>Smartphone this fall, including a 5.5-inch model that thrusts Apple into the market</b> for larger-sized phones that rival Samsung helped popularize.</div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> Overall, only four actively managed funds have 9 percent or more of their portfolios in <b>Apple shares</b>, according to Morningstar data. The fact that fund managers are not overly bullish on the company may be a counter-intuitive sign that its shares could continue to rally, said Todd Rosenbluth, director of mutual fund research at S&P Capital IQ. <b>Companies that are over weighted by fund managers tend to plateau as there are few additional buyers</b>, he said.</div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> And Apple's shares typically creep northward in the months preceding a major product launch, as anticipation builds.</div> <div class="MsoNormal"> <br /></div> <div class="MsoNormal"> "If a number of large mutual fund managers are underexposed to companies that have a <b>positive earnings surprise</b>, the stock could climb higher as those managers add to existing positions," he said.</div> <br />  Thank you to read the article "<span style="font-size: large;"><b>The company's shares are up 17 percent by Apple rebound</b></span>".</div>

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