ITT Reports 2016 First-Quarter Results

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ITT Corp. (ITT) Posts Q1 EPS of $0.42, Reaffirms Outlook

May 5, 2016 6:47 AM EDT

ITT Corp. (NYSE: ITT) reported Q1 EPS of $0.42, which may not compare to the analyst estimate of $0.59. Revenue for the quarter came in at $609 million versus the consensus estimate of $592.67 million.

In the first quarter, ITT continued to confront a challenging macroeconomic environment that presented headwinds across a number of areas, including foreign exchange and the oil and gas... More