ITT Corporation Profit Retreats 3% In Q2

(RTTNews) - ITT Corporation (ITT) announced earnings for second quarter that decreased compared to the same period last year.

The company said its bottom line declined to $60.2 million, or $0.67 per share. This was lower than $62.2 million, or $0.69 per share, in last year's second quarter.

Analysts had expected the company to earn $0.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.3% to $626.2 million. This was down from $628.2 million last year.

ITT Corporation earnings at a glance:

-Earnings (Q2): $60.2 Mln. vs. $62.2 Mln. last year. -Earnings Decline (Y-o-Y): -3.2% -EPS (Q2): $0.67 vs. $0.69 last year. -EPS Decline (Y-o-Y): -2.9% -Analysts Estimate: $0.60 -Revenue (Q2): $626.2 Mln vs. $628.2 Mln last year. -Revenue Change (Y-o-Y): -0.3%

-Guidance: Full year EPS guidance: $2.34 - $2.46