Good news before the opening today from United Technologies (UTX) as it reaffirmed 2011 guidance of $5.35 to $5.45 per share and %58B in revenue.
The European Union could collapse and completely washout this guidance, but it very encouraging to see a major industrial to keep guidance intact after the weak markets in August and the start of September.
For those betting on a collapse in earnings estimates, UTX says not so fast.
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