ITT Reports Strong Q4 Earnings, Tops Estimates
STAMFORD, Conn. – ITT Corp. (ITT) announced its fourth-quarter earnings on Thursday, reporting a net income of $127 million. On a per-share basis, ITT earned $1.55, with adjusted earnings reaching $1.50 per share.
These results exceeded Wall Street expectations, with analysts projecting earnings of $1.47 per share. Revenue for the quarter reached $929 million, also surpassing forecasts of $926.8 million.
For the full year, ITT reported a profit of $518.3 million ($6.30 per share) on revenue of $3.63 billion.
ITT anticipates full-year earnings in the range of $6.10 to $6.50 per share for the next fiscal year.