The chief financial officer of Hartford’s United Technologies Corp. says revenue growth in 2013 will likely be crimped due partly to Europe’s weak economy, The Associated Press reports.
CFO Greg Hayes told analysts on Thursday that the aerospace giant backs its 2013 earnings per share estimate of $5.85 to $6.15 per share.
But he said the company expects revenue growth in the middle of its December forecast for 3 percent to 5 percent growth, not accounting for acquisitions, rather than at the high end.
UTC said in December it expects revenue, including its acquisition of aerospace parts maker Goodrich Corp., to be up 10 percent to 12 percent to between $64 billion and $65 billion.
Analysts surveyed by FactSet expect earnings of $6.11 per share on revenue of $64.53 billion.
