ITT Inc. Q2 Profit Increases, Beats Estimates

(RTTNews) - ITT Inc. (ITT) revealed a profit for its second quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $119.2 million, or $1.45 per share. This compares with $108.2 million, or $1.31 per share, in last year's second quarter.

Excluding items, ITT Inc. reported adjusted earnings of $122.5 million or $1.49 per share for the period.

Analysts on average had expected the company to earn $1.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.6% to $905.9 million from $833.9 million last year.

ITT Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $119.2 Mln. vs. $108.2 Mln. last year. -EPS (Q2): $1.45 vs. $1.31 last year. -Revenue (Q2): $905.9 Mln vs. $833.9 Mln last year.

-Guidance: Full year EPS guidance: $5.65 to $5.90