ITT Corp. (ITT) Tops Q2 EPS by 8c; Raises FY Guidance

ITT Corp. (NYSE: ITT) reported Q2 EPS of $0.60, $0.08 better than the analyst estimate of $0.52. Revenue for the quarter came in at $663 million versus the consensus estimate of $637.02 million.

ITT Corp. sees FY2014 EPS of $2.38-$2.46, versus prior guidance of $2.28-$2.36 and the consensus of $2.35.

“In the second quarter, ITT continued its proven track record of execution with outstanding organic revenue growth, and we delivered our strongest adjusted segment operating margin as today’s ITT,” said CEO and President Denise Ramos. “This is the result of consistent execution by employees across all of our businesses and steady progress on strategies that build our core capabilities and position us for future success.

“These strategies – including driving Lean transformations, turning around our connectors and shock absorber businesses and making strategic investments for growth – reflect our ongoing commitment to profitable growth and value creation for employees, customers and shareowners in 2014 and beyond.”

For earnings history and earnings-related data on ITT Corp. (ITT) click here.

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