ITT Corp. (ITT) on Thursday reported third-quarter profit of $102.4 million
STAMFORD, Conn. (AP) _ ITT Corp. (ITT) on Thursday reported third-quarter profit of $102.4 million.
On a per-share basis, the Stamford, Connecticut-based company said it had net income of $1.23. Earnings, adjusted for non-recurring gains, came to $1.20 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The supplier of parts and services to a wide variety of industries posted revenue of $753.6 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $754.2 million.
ITT expects full-year earnings in the range of $4.35 to $4.45 per share.
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