REUTERS: United Technologies Corp reported a higher-than-expected quarterly profit on Wednesday, boosted by robust demand for aircraft parts at one of the producers better placed to ride out the fallout of this year's Boeing 737 MAX groundings.The company, whose stock has risen 10 percent since the fatal crash in Ethiopia in March, raised the low end of its 2019 forecast for adjusted earnings per share by 10 cents to US$7.80, while keeping the upper end unchanged at US$8.00.
UTC's stock, however, has outperformed a 0.2 percent decline in the broader S&P 500 Aerospace and Defense index, due to the aerospace supplier's small exposure to the 737 MAX jets.
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