International Inc reported as a higher quarterly profit

Its shares fell as Wall Street digested the company's reporting on discontinued operations, lower aerospace margins, and a steep drop in Caterpillar Inc stock price after the maker of heavy machinery reported a profit short of expectations.

The shares, dropped as much as 4.6 percent after its results were released, were down 2.1 percent in midday trade at $56.97.

The system has been made to manage the temperature and security of large buildings, said sales were $9.3 billion after adding in $234 million from its discontinued consumer products group.