United Technologies backs previous 2012 outlook

United Technologies backs previous net income and revenue predictions for 2012

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.

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