United Technologies Corp
Analysts were looking for profit of $4.60 per share, according to Reuters Estimates.
The new forecast includes 30 cents to 40 cents per share of restructuring charges, as well as some expected one-time gains.
The economic recovery previously anticipated in the second half of 2009 now appears unlikely, said Louis Chenevert, chief executive of the Hartford, Connecticut-based company.
As of December, United Tech employed about 220,000 people.
(Reporting by Scott Malone; Editing by Steve Orlofsky)