ITT Inc. Q3 Profit Increases, beats estimates

(RTTNews) - ITT Inc. (ITT) reported a profit for its third quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $110.8 million, or $1.34 per share. This compares with $102.4 million, or $1.23 per share, in last year's third quarter.

Excluding items, ITT Inc. reported adjusted earnings of $113.0 million or $1.37 per share for the period.

Analysts on average had expected the company to earn $1.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.1% to $822.1 million from $753.6 million last year.

ITT Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $110.8 Mln. vs. $102.4 Mln. last year. -EPS (Q3): $1.34 vs. $1.23 last year. -Analyst Estimate: $1.27 -Revenue (Q3): $822.1 Mln vs. $753.6 Mln last year.

-Guidance: Full year EPS guidance: $5.15 to $5.21