ITT Corp. (ITT) Tops Q1 EPS by 12c; Trims FY15 EPS Outlook
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ITT Reports 2015 First-Quarter Results
May 1, 2015 7:00 AM EDTDeploys $133 million to-date for repurchases and acquisition
GAAP Results:
Total revenue down 13% to $589 million Segment operating margins expanded 230 bps to 13.7% EPS increased 17% to $0.42 Lowering EPS and revenue guidance for the full yearAdjusted Results:
Organic revenue down 5% Segment operating margins expanded 150 bps to a record 15.2% EPS increased 5% to $0.65 Lowering full-year EPS guidance range by $0.05 to a new range of... More