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Earnings roundup: United Technologies, Harley



By AP
17 July 2008 @ 10:35 am EST

Among the earnings stories for Thursday, July 17, from AP Financial News:

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HARTFORD, Conn. (AP)--United Technologies Corp.'s second-quarter profit rose 11 percent, as the maker of everything from jet engines to ventilation systems reported strong growth at its subsidiaries Otis elevator and Carrier air conditioner.

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NEW YORK (AP)--Harley-Davidson Inc. said Thursday its second-quarter profit fell sharply as a weak economy, record-high gas prices and lower consumer confidence continued to hobble the iconic motorcycle maker's shipments and sales.

DEERFIELD, Ill. (AP)--Strong sales of biotech drugs and vaccines drove second-quarter profit up 26 percent for drugs and medical device maker Baxter International Inc., beating Wall Street estimates.

SAN JOSE, Calif. (AP)--SunPower Corp. said Thursday it swung to a second-quarter profit as sales more than doubled and raw material costs declined.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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