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FBR Capital Upgrades ITT Corp. (ITT) to Market Perform; Brake Performance Drives Solid Quarter

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ITT (ITT) Tops Q2 EPS by 6c; Raises FY13 Outlook

August 1, 2013 8:15 AM EDT

ITT (NYSE: ITT) reported Q2 EPS of $0.51, $0.06 better than the analyst estimate of $0.45. Revenue for the quarter came in at $609 million versus the consensus estimate of $599.47 million.

Now sees FY13 EPS of $1.86-$1.92, versus prior guidance of $1.8-$1.9 and the consensus of $1.89. The revised... More