ITT Corporation Q3 Earnings Fall 8%

(RTTNews) - ITT Corporation (ITT) released a profit for third quarter that declined from last year.

The company said its earnings totaled $56.9 million, or $0.63 per share. This was down from $61.7 million, or $0.66 per share, in last year's third quarter.

Analysts had expected the company to earn $0.59 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.4% to $601.9 million. This was down from $657.1 million last year.

ITT Corporation earnings at a glance:

-Earnings (Q3): $56.9 Mln. vs. $61.7 Mln. last year. -Earnings Decline (Y-o-Y): -7.8% -EPS (Q3): $0.63 vs. $0.66 last year. -EPS Decline (Y-o-Y): -4.5% -Analysts Estimate: $0.59 -Revenue (Q3): $601.9 Mln vs. $657.1 Mln last year. -Revenue Change (Y-o-Y): -8.4%

-Guidance: Full year EPS guidance: $2.45 - $2.55