ITT Corp (ITT) Releases Earnings Results, Reports EPS of $0.59 EPS

ITT Corp (ITT) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.59 EPS for the quarter. Analysts had a consensus estimate of $0.59. The company posted revenue of $609.10 million in the period, compared to analysts expectations of $591.55 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

ITT Corp closed down -0.77 points or -2.00% at $37.72 with 4,34,418 shares getting traded on Wednesday. Post opening the session at $38.2, the shares hit an intraday low of $37.56 and an intraday high of $38.65 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 11, 2016, Denise L Ramos (CEO and President) sold 152,594 shares at $35.86 per share price. According to the SEC, on Nov 3, 2015, Geraud Darnis (director) purchased 10,000 shares at $39.31 per share price. On May 8, 2015, Thomas M Scalera (Senior VP and CFO) sold 8,868 shares at $40.86 per share price, according to the Form-4 filing with the securities and exchange commission.

ITT Corporation (ITT) is a diversified manufacturer of engineered critical components and technology solutions for industrial markets. The Company’s product and service offerings are organized in four segments: Industrial Process Motion Technologies Interconnect Solutions and Control Technologies. Industrial Process manufactures engineered fluid process equipment and is a provider of plant optimization solutions and aftermarket services and parts. Motion Technologies manufactures brake components shock absorbers and damping technologies for the automotive truck and trailer public bus and rail transportation markets. Interconnect Solutions manufactures and designs a range of engineered connector solutions that makes it possible to transfer signal and power between electronic devices. Control Technologies manufactures equipment including actuation valves and noise and energy absorption components for the aerospace and defense and industrial markets.

ITT Corp

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