STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — ITT Corp. (ITT) on Thursday reported fourth-quarter earnings of $127 million.
On a per-share basis, the Stamford, Connecticut-based company said it had net income of $1.55. Earnings, adjusted for one-time gains and costs, came to $1.50 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.
The supplier of parts and services to a wide variety of industries posted revenue of $929 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $926.8 million.
For the year, the company reported profit of $518.3 million, or $6.30 per share. Revenue was reported as $3.63 billion.
ITT expects full-year earnings in the range of $6.10 to $6.50 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ITT at https://www.zacks.com/ap/ITT
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