United Technologies Beats Views Amid ‘Overwhelming’ Dollar

April 21, 2015 1:12 PM

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United Technologies Corp. beat analysts’ first-quarter earnings estimates, buoyed by cost-cutting measures that boosted profitability even as the strength of the U.S. dollar weighed on foreign sales.

In his first full quarter as chief executive officer, Gregory Hayes confronted currency headwinds while seeking to drive sales for products spanning Otis elevators to Pratt & Whitney jet engines to Carrier air conditioners. About two-thirds of United Technologies’ revenue comes outside the U.S., inc...

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