United Technologies (UTX) reported stronger-than-expected first-quarter profit and sales, after General Electric (GE) and Honeywell (HON) handily beat earnings estimates on strong aviation gains.

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Estimates: EPS to increase 2% to $1.51 as revenue ticks up 5% to $14.54 billion, according to Zacks Investment Research.

Results: Earnings of $1.77 per share on sales of $15.52 billion. Pratt & Whitney revenue climbed 15.2%. Elevator unit Otis revenue rose 8.3%.  UTC Climate, Controls & Security, which makes Carrier air conditioners and other building climate equipment, climbed 12.4%.

Outlook: United Technologies raised its full-year adjusted EPS forecast to $6.95-$7.15 from $6.85-$7.10. It now expects sales of $63 to $64.5 billion, up from $62.5 to $64 billion. Analysts had expected EPS of $7.04 and sales of $63.637 billion.

Stock: United Technologies reversed lower to close down 1.1% at 122.10 on the stock market today amid a broad market retreat as 10-year Treasury yields topped 3% for the first time in fourt years. Shares of the Dow Jones giant are working on a first-stage flat base with a 139.34 buy point after peaking at an all-time high in January.

General Electric stock advanced 1.1% after slicing above the 50-day moving average on its earnings beat Friday. Honeywell shares edged down 0.9% Tuesday.

Geared Turbofan Vs. Leap

The aviation units of all three industrial conglomerates have ruled the headlines lately.

On Friday, GE’s engine joint venture, CFM International, recommended expanded inspections of engines similar to one involved in a fatal Southwest Airlines (LUV) accident. The FAA also called for emergency inspection of CFM56-7B engines.

But during its Q1 conference call Friday, GE said it is on track to deliver 1,100 to 1,200 advanced Leap engines this year. It sees strength in the aviation market as the power market continues to weaken.

Early in April, United Tech’s Pratt & Whitney division scoredJetBlue Airways (JBLU) order for several more advanced geared turbofan (GTF) engines for its Airbus (EADSY) jets.

The Dow components are locked in a battle to grow sales of their next-gen GTF and Leap engines.

And they have both been dogged by reports of delayed orders tied to those key products, seen as future profit drivers.

Honeywell also posted a Q1 beat Friday on the back of a strong showing from its aviation division, as demand for business jets recovers.

Honeywell rebuffed an activist investor’s call to dump its aviation segment last year, deciding to split off two other units instead.

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