UPDATE: UBS Downgrades ITT Corp. (ITT) to Sell

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ITT Reports Solid 2015 Third-Quarter Results

October 30, 2015 6:55 AM EDT

Company raises full-year GAAP EPS guidance; maintains adjusted EPS, and revenue guidance

Sees benefits from continued effective management of net asbestos liability

GAAP Results:

Revenue down 8% to $602 million Segment operating margin at 14.1% EPS increased to $1.07

Adjusted Results:

Organic revenue down 2% Segment operating margin at 15% EPS of $0.63

WHITE PLAINS, N.Y.--(BUSINESS... More