UTC reveals first-quarter results

United Technologies Corporation (UTC), a provider of building and aerospace products and services, has reported first-quarter 2010 earnings per share of $0.93 (£0.60), up 19 per cent on the first quarter of 2010.

Results for the current quarter include $0.05 per share in restructuring costs; earnings per share in the same quarter last year included $0.09 in restructuring costs net of a one-time gain.

Before these items, earnings per share increased 13 per cent year over year.