United Technologies moves up earnings release because of weather
United Technologies isn’t taking any chances with the weather, as the Hartford, Conn.-based industrial conglomerate said on Monday that it was moving up its fourth-quarter earnings release to try to beat the storm.
The company UTX, -1.28% was originally scheduled to be one of six components of the Dow Jones Industrial Average to report results ahead of the stock market’s open on Tuesday. “Due to the inclement weather expected in the Northeast on Tuesday,” the company said it plans to reveal results at 4 p.m. Eastern on Monday. Read more about the impending potentially historic snowstorm.
Meanwhile, the other Northeast-based Dow components remained steadfast in the face of the impending blizzard. New York-based Pfizer PFE, +0.48% and Wilmington, Del.-based DuPont DD, +0.15% told MarketWatch they were still planning to report results Tuesday morning.
Of the other Dow companies reporting early Tuesday, Procter & Gamble PG, -0.89% is based in Cincinnati, Ohio, Caterpillar CAT, +0.41% is based in Peoria, Ill., and 3M MMM, -0.49% is based in St. Paul, Minn.
Separately, a spokesperson for Pfizer rival Bristol-Myers Squibb told MarketWatch that the New York-based drug giant still expects to report results early Tuesday: “Yes, we are on schedule, and don’t anticipate making any changes now.”
Hopkinton, Mass.-based data-storage company EMC Corp. announced earlier that it was delaying its earnings release one day to Thursday morning.