United Technologies profit falls on one-time costs

NEW YORK (MarketWatch)
United Technologies Corp. said its fourth-quarter profit from continuing operations fell to $945 million, or $1.04 a share, from $1.28 billion, or $1.42 a share, in the year-ago period
The latest quarter included one-time costs of 25 cents a share for restructuring and 12 cents a share at the company's Sikorsky unit, plus a currency impact of 2 cents a shar
Sales at the industrial conglomerate increased by 14% to $16.4 billion
Wall Street analysts expected United Technologies to earn $1.04 a share on sales of $16.65 billion, according to a survey by FactSet
Looking ahead, United Technologies expects 2013 profit of $5.85 to $6.15 a share, compared to the Wall Street estimate of $6.05 a share