United Technologies Gains Most in Dow as Forecast Is Raised
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United Technologies Corp. rose the most among Dow Jones Industrial Average stocks after boosting the lower end of its 2013 profit forecast and reporting second-quarter earnings that beat analysts’ estimates.
The stock climbed 2.9 percent following today’s revised projection that earnings per share may climb 12 percent to 15 percent this year to $6.00 to $6.15. The Hartford, Connecticut-based company had previously called for an increase of a minimum of 9.3 percent to $5.85 a share.