United Technologies Corporation
|Company Name||United Technologies Corporation|
On July 21, 2015, United Technologies slashed its 2015 earnings forecast, citing weak performances by the Company's UTC Aerospace Systems ("UTAS") and Otis Elevator Co. ("Otis") units. United Technologies informed investors that its expectations related to UTAS and Otis were "way too aggressive" and that the Company failed to "dig deep enough" when formalizing the guidance.
On this news, United Technologies’ share price fell more than 7% on July 21, 2015, thereby injuring investors.
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