STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — ITT Corp. (ITT) on Thursday reported first-quarter earnings of $108.4 million.
The Stamford, Connecticut-based company said it had profit of $1.33 per share. Earnings, adjusted for restructuring costs and non-recurring costs, were $1.45 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.
The supplier of parts and services to a wide variety of industries posted revenue of $913 million in the period.
ITT expects full-year earnings in the range of $6.10 to $6.50 per share.
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