October 20, 2015 / 11:14 AM / 2 years ago

United Tech profit falls as company reveals $12 bln buyback plan

Oct 20 (Reuters) - United Technologies Corp on Tuesday posted a decline in quarterly profit, hurt by foreign currency swings, and announced plans to buy back $12 billion worth of its shares.

The aerospace and building systems conglomerate said third-quarter net income fell to $1.36 billion from $1.85 billion a year ago.

Earnings from continuing operations declined to $1.61 per share from $1.93 per share a year ago. (Reporting by Lewis Krauskopf In New York; Editing by Chizu Nomiyama)

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