United Technologies expects higher cost in 2019 due to tariffs
October 23, 2018 at 09:26 AM EDT
United Technologies Corp said on a conference call on Tuesday it expects tariffs to cost about $200 million in 2019, double its prior estimate of about $100 million. The shares of the U.S. aerospace and industrial company fell 1.7 percent in premarket trading. (Reporting by Ankit Ajmera and Soundarya J in Bengaluru; Editing by Arun Koyyur)
