ITT: Q2 Earnings Snapshot

August 4, 2022 GMT

WHITE PLAINS, N.Y. (AP) _ ITT Corp. (ITT) on Thursday reported second-quarter earnings of $74.6 million.

On a per-share basis, the White Plains, New York-based company said it had net income of 89 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 98 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.

The supplier of parts and services to a wide variety of industries posted revenue of $733.3 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $710.6 million.

ITT expects full-year earnings in the range of $4.35 to $4.65 per share.


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