ITT Corp. (ITT) Tops Q2 EPS by 10c, Trims FY EPS Guidance

ITT Corp. (NYSE: ITT) reported Q2 EPS of $0.69, $0.10 better than the analyst estimate of $0.59. Revenue for the quarter came in at $628 million versus the consensus estimate of $612.84 million.

ITT Corp. sees FY2015 EPS of $2.45-$2.55, versus prior guidance of $2.50-$2.60 and the consensus of $2.54.

GAAP revenue is expected to be down 9 to 7 percent. GAAP EPS is now expected to be in the range of $2.32 to $2.50.

Organic revenue is now expected to range from down 3 percent to down 1 percent, reflecting improved project execution at Industrial Process, which is expected to be more than offset by weakness at Interconnect Solutions and weaker second-half markets due to macroeconomic uncertainty.

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

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