Itt and MRC Global Among Key Stocks Lifting Investor Earnings Spirits
ITT Corporation (NYSE:ITT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share increased 2% to $0.51 in the quarter versus EPS of $0.50 in the year-earlier quarter. Revenue Rose 7.35% to $609.2 million from the year-earlier quarter.
ITT Corporation reported adjusted EPS income of $0.51 per share. By that measure, the company beat the mean analyst estimate of $0.45. It beat the average revenue estimate of $600.04 million.