ITT Corp. (ITT) Tops Q3 EPS by 3c, Updates Guidance

ITT Corp. (NYSE: ITT) reported Q3 EPS of $0.82, $0.03 better than the analyst estimate of $0.79. Revenue for the quarter came in at $680 million versus the consensus estimate of $677.39 million.

GUIDANCE:

ITT Corp. sees FY2018 EPS of $3.13-$3.15, versus the consensus of $3.14.

• The company is narrowing the range of its previously announced 2018 full-year total revenue guidance to a new range of up 6 percent to up 7 percent reflecting stronger share gains offset by increased foreign exchange pressures and is narrowing the range and raising the mid-point of its organic revenue guidance to a new range of up 4 percent to up 5 percent primarily due to share gains and strong year-to-date order growth.
• Announces Incremental Share Repurchases of up to $25 Million

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

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