STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — ITT Corp. (ITT) on Thursday reported fourth-quarter earnings of $131.7 million.
On a per-share basis, the Stamford, Connecticut-based company said it had profit of $1.64. Earnings, adjusted for one-time gains and costs, were $1.85 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.79 per share.
The supplier of parts and services to a wide variety of industries posted revenue of $1.05 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1 billion.
For the year, the company reported profit of $488 million, or $6.11 per share. Revenue was reported as $3.94 billion.
For the current quarter ending in March, ITT expects its per-share earnings to range from $1.68 to $1.72.
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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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