STAMFORD, Conn. (AP) 鈥� STAMFORD, Conn. (AP) 鈥� ITT Corp. (ITT) on Thursday reported second-quarter net income of $84.9 million.
The Stamford, Connecticut-based company said it had profit of 95 cents per share. Earnings, adjusted for one-time gains and costs, came to $2.08 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.
The supplier of parts and services to a wide variety of industries posted revenue of $1.47 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $1.39 billion.
ITT expects full-year earnings in the range of $8.12 to $8.32 per share.
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