STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — ITT Corp. (ITT) on Tuesday reported third-quarter profit of $161.1 million.
On a per-share basis, the Stamford, Connecticut-based company said it had net income of $1.96. Earnings, adjusted for non-recurring gains, were $1.46 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The supplier of parts and services to a wide variety of industries posted revenue of $885.2 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $876 million.
ITT expects full-year earnings in the range of $5.80 to $5.86 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ITT at https://www.zacks.com/ap/ITT