United Technologies posts fourth-quarter profit on demand for aircraft engines

Features Reuters

(Copyright Reuters 2017)

United Technologies Corp , the maker of Otis Elevators and Carrier air conditioners, posted a fourth-quarter profit, compared with a year-ago loss, driven by better sales at its Pratt & Whitney aircraft engines unit.

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The company's net income from continuing operations attributable to shareholders was $1.02 billion, or $1.26 per share, in the quarter ended Dec. 31.

The company's attributable loss from continuing operations was $256 million, or 30 cents per share, a year earlier.

United Technologies' net sales rose 2.5 percent to $14.66 billion.

(Reporting by Rachit Vats in Bengaluru; Editing by Savio D'Souza)