Itt: Q2 Earnings Snapshot

STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — ITT Corp. (ITT) on Thursday reported second-quarter earnings of $119.2 million.

On a per-share basis, the Stamford, Connecticut-based company said it had net income of $1.45. Earnings, adjusted for one-time gains and costs, came to $1.49 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.

The supplier of parts and services to a wide variety of industries posted revenue of $905.9 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $907.1 million.

ITT expects full-year earnings in the range of $5.65 to $5.90 per share.

_____

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