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United Technologies backs 2011 guidance

United Technologies backed its profit and sales outlook for the full year Tuesday, The Associated Press reports.

The industrial conglomerate said it would post a profit of $5.35 to $5.45 per share on $58 billion in revenue for 2011.

Analysts, on average, expect a profit of $5.45 per share on $58.19 billion in sales for the year, according to a FactSet poll.

United Technologies Corp, based in Hartford, Conn., provides technology products and services to the building and aerospace industries.

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