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Shares of ITT (NYSE:ITT) remained unaffected after the company reported Q3 results.
Earnings per share decreased 15.46% over the past year to $0.82, which beat the estimate of $0.71.
Revenue of $591,200,000 declined by 16.95% from the same period last year, which beat the estimate of $579,270,000.
ITT hasn't issued any earnings guidance for the time being.
ITT hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: Oct 30, 2020
Time: 09:30 AM
ET Webcast URL: https://www.itt.com/investors/events
Recent Stock Performance
52-week high: $75.56
Company's 52-week low was at $35.41
Price action over last quarter: Up 5.67%
ITT is a diversified industrial conglomerate with nearly $3 billion in sales. After the spin-offs of Xylem and Exelis in 2011, the company's products primarily include brake pads, shock absorbers, pumps, valves, connectors, and switches. Its customers include original-equipment and Tier 1 manufacturers as well as aftermarket customers. ITT uses a network of approximately 700 independent distributors, which accounts for about one third of overall revenue. Nearly three fourths of the company's sales are made in North America and Europe. ITT's primary end markets include automotive, rail, oil and gas, aerospace and defense, chemical, mining, and general industrial.
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