SOURCE: The Bedford Report

The Bedford Report

November 03, 2011 08:16 ET

Textron and United Technologies -- Strong in the Short Term but Long Term Headwinds Grow

The Bedford Report Provides Equity Research on Textron & United Technologies

NEW YORK, NY--(Marketwire - Nov 3, 2011) - As the global economy as a whole continues to struggle with problems such as high U.S. unemployment, debt problems in the European financial system and worries over a slowdown in China have adversely affected many large conglomerates like United Technologies and Textron. The Bedford Report examines the outlook for companies in the Conglomerates Industry and provides equity research on Textron, Inc. (NYSE: TXT) & United Technologies Corporation (NYSE: UTX). Access to the full company reports can be found at:

Uncertainty over the global economy has led to volatility in the markets with even highly diversified conglomerates feeling the sting of low investor confidence. The US government has reacted to economic woes by bringing down interest rates to record low levels which could hurt some conglomerates as they look for investment income from their pension plan funds.

Meanwhile a relatively weak dollar has negatively affected many conglomerates in that it has made imports more expensive.

The Bedford Report releases investment research on the Conglomerates Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Last month United Technologies posted an 11-per-cent year-on-year surge in third-quarter earnings. However the company warned that growth will slow next year while plant consolidation continues and employee head count may be reduced. The company has been making deals that increase its exposure to the commercial aviation business at a time when the industry's order books are full. This fall United Technologies unveiled a $16.4 billion deal to buy aircraft components maker Goodrich Corp.

Textron reported third quarter 2011 adjusted earnings of 45 cents per share, easily beating the year-ago earnings of 13 cents. The company also increased the low end of its full-year profit prediction, saying it expects a profit from continuing operations of $1.05 to $1.15 per share. Analysts polled by FactSet expect a profit of $1.11 per share.

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