UPDATE: United Technologies Reports 19% Surge In Q2 Profit, Lifts 2011 Profit Projections

United Technologies Corp UTX reported a 19% rise in its second-quarter profit and lifted its profit forecast for 2011. UTX reported its quarterly profit at $1.32 billion, or $1.45 per share, up from $1.1 billion, or $1.20 per share, in the year-earlier period. Its revenue surged to $15.1 billion, from $13.8 billion. However, analysts were expecting earnings of $1.41 per share on revenue of $14.6 billion. United Technologies lifted its 2011 profit forecast to a range of $5.35 to $5.45 per share from its earlier forecast of $5.25 to $5.40 per share. Analysts expect 2011 profit of $5.43 per share. UTX shares gained 1.55% to $90.20 in pre-market trading.