ITT Corporation Q1 adjusted earnings Beat Estimates

(RTTNews) - 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