ITT Corp. Q2 Profit Rises - Quick Facts

(RTTNews) - ITT Corp. (ITT) reported that its second-quarter net income attributable to company increased to $25.8 million or $0.28 per share, from $16.8 million or $0.18 per share, last year. Earnings per share from continuing operations was $0.27, compared to $0.17 prior year.

Adjusted earnings from continuing operations was $0.51 per share for the quarter. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.45 for the quarter. Analysts' estimates typically exclude special items.

Revenue rose to $609.2 million from $557.9 million last year. Analysts expected revenue of $600.04 million for the quarter.

The company has increased its adjusted EPS guidance to a range of $1.86 to $1.92 from a previous range of $1.80 to $1.90. Analysts expect the company to report fiscal year profit per share of $1.89.