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News Watch
- 11/18/2009 1:45:24 PM
By Chip Brian, SmarTrend Analytics Team
11/18/2009 - United Technologies (NYSE:UTX) CFO Greg Hayes said that the company will likely boost profit next year even as revenue remains flat, according to an AP report. He also said at an analysts conference that the industrial conglomerate is boosting restructuring costs this year to $800 million from $750 million, which includes eliminating 14,000 jobs. Hayes reaffirmed the company's fiscal 2009 guidance of $4.10 per share, vs. the consensus estimates of $4.11 per share.
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