United Technologies (NYSE: UTX) reported earnings on April 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), United Technologies missed estimates on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank significantly.

Gross margins grew, operating margins contracted, and net margins shrank.

Revenue details
United Technologies reported revenue of $12.42 billion. The 15 analysts polled by S&P Capital IQ predicted revenue of $12.74 billion on the same basis. GAAP reported sales were 6.9% lower than the prior-year quarter's $13.34 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $1.52. The 18 earnings estimates compiled by S&P Capital IQ averaged $1.20 per share on the same basis. GAAP EPS of $0.37 for Q1 were 67% lower than the prior-year quarter's $1.11 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 28.0%, 10 basis points better than the prior-year quarter. Operating margin was 11.3%, 230 basis points worse than the prior-year quarter. Net margin was 2.7%, 490 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $14.76 billion. On the bottom line, the average EPS estimate is $1.45.

Next year's average estimate for revenue is $60.99 billion. The average EPS estimate is $5.59.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,536 members out of 1,600 rating the stock outperform, and 64 members rating it underperform. Among 404 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 395 give United Technologies a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on United Technologies is outperform, with an average price target of $95.47.

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