ITT Reports Record 2018 Second-Quarter Results Raises Full-Year EPS Guidance
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ITT Corp. (ITT) PT Raised to $67 at Oppenheimer
August 6, 2018 9:01 AM EDTOppenheimer raised its price target on ITT Corp. (NYSE: ITT) to $67.00 (from $60.00) while maintaining a Outperform rating.
Analyst Bryan Blair commented, "Shares jumped 9% (vs. flat XLI) after ITT reported a solid 2Q18 beat (adjusted EPS of $0.82 vs. our/consensus $0.77/$0.78E), also marking its... More
ITT Corp. (ITT) Tops Q2 EPS by 4c, Revenues Beat; Boosts FY18 EPS Outlook/Revenue Guidance
August 3, 2018 6:08 AM EDTITT Corp. (NYSE: ITT) reported Q2 EPS of $0.82, $0.04 better than the analyst estimate of $0.78. Revenue for the quarter came in at $697 million versus the consensus estimate of $687.03 million.
2018 Second-Quarter GAAP Results
Record revenue up 10% to $697 millionOrders up 18% to $742 millionSegment operating income up 30% to $106 millionEPS up 46% to $0.792018 Second-Quarter Adjusted Results
Organic revenue up 7%Organic orders up 15%Record adjusted segment operating income up 21% to $108 millionRecord adjusted EPS up 26% to $0.82Strategic Highlights
22 Motion Technologies Friction OEM wins, including 9 front axle and 4... More