FARMINGTON, Conn. (AP) _ United Technologies Corp. (UTX) on Tuesday reported fourth-quarter earnings of $1.14 billion.

On a per-share basis, the Farmington, Connecticut-based company said it had profit of $1.32. Earnings, adjusted for non-recurring costs and restructuring costs, were $1.94 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.

The maker of elevators, jet engines and other products posted revenue of $19.55 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $19.42 billion.

For the year, the company reported profit of $5.54 billion, or $6.41 per share. Revenue was reported as $77.05 billion.

United Technologies shares have climbed almost 1% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has increased 30% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UTX at https://www.zacks.com/ap/UTX

Automated Insights, source Associated Press News