ITT: Q2 Earnings Snapshot
STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — ITT Corp. (ITT) on Thursday reported second-quarter net income of $108.2 million.
The Stamford, Connecticut-based company said it had net income of $1.31 per share. Earnings, adjusted for non-recurring costs, came to $1.33 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The supplier of parts and services to a wide variety of industries posted revenue of $833.9 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $789 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ITT at https://www.zacks.com/ap/ITT
