ITT Corporation (ITT) announced earnings for first quarter that dropped from last year.
The company's bottom line totaled $71.3 million, or $0.80 per share. This compares with $101.2 million, or $1.14 per share, in last year's first quarter.
Excluding items, ITT Corporation reported adjusted earnings of $81.0 million or $0.91 per share for the period.
Analysts had expected the company to earn $0.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 0.9% to $695.5 million from $689.3 million last year.
ITT Corporation earnings at a glance:
-Earnings (Q1): $81.0 Mln. vs. $68.9 Mln. last year.
-EPS (Q1): $0.91 vs. $0.77 last year.
-Analysts Estimate: $0.84
-Revenue (Q1): $695.5 Mln vs. $689.3 Mln last year.
-Guidance:
Full year EPS guidance: $3.50 to $3.66
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