ITT Corporation Reveals 3% Retreat In Q4 Bottom Line

(RTTNews) - ITT Corporation (ITT) reported earnings for fourth quarter that lost ground compared to the same period last year.

The company said its earnings dropped to $52.7 million, or $0.58 per share. This was down from $54.3 million, or $0.59 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.0% to $666.8 million. This was up from $660.0 million last year.

ITT Corporation earnings at a glance:

-Earnings (Q4): $52.7 Mln. vs. $54.3 Mln. last year. -Earnings Decline (Y-o-Y): -2.9% -EPS (Q4): $0.58 vs. $0.59 last year. -EPS Decline (Y-o-Y): -1.7% -Analysts Estimate: $0.55 -Revenue (Q4): $666.8 Mln vs. $660.0 Mln last year. -Revenue Change (Y-o-Y): 1.0%

-Guidance: Full year EPS guidance: $2.42 - $2.68