ITT Corporation Reports 8% Decline In Q3 Earnings

(RTTNews) - ITT Corporation (ITT) reported earnings for third quarter that dropped from last year.

The company said its profit came in at $52.1 million, or $0.58 per share. This was down from $56.9 million, or $0.63 per share, in last year's third quarter.

Analysts had expected the company to earn $0.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.4% to $581.7 million. This was down from $601.9 million last year.

ITT Corporation earnings at a glance:

-Earnings (Q3): $52.1 Mln. vs. $56.9 Mln. last year. -Earnings Decline (Y-o-Y): -8.4% -EPS (Q3): $0.58 vs. $0.63 last year. -EPS Decline (Y-o-Y): -7.9% -Analysts Estimate: $0.58 -Revenue (Q3): $581.7 Mln vs. $601.9 Mln last year. -Revenue Change (Y-o-Y): -3.4%

-Guidance: Full year EPS guidance: $2.20 - $2.30