STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — ITT Corp. (ITT) on Thursday reported first-quarter earnings of $111 million.
On a per-share basis, the Stamford, Connecticut-based company said it had profit of $1.34. Earnings, adjusted for one-time gains and costs, came to $1.42 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.
The supplier of parts and services to a wide variety of industries posted revenue of $910.6 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $873.6 million.
ITT expects full-year earnings in the range of $5.65 to $5.90 per share.
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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
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