ITT Inc. Q2 Profit Increases, Beats Estimates

(RTTNews) - ITT Inc. (ITT) announced earnings for its second quarter that Increased from last year and beat the Street estimates.

The company's bottom line totaled $121 million, or $1.52 per share. This compares with $119.7 million, or $1.45 per share, last year.

Excluding items, ITT Inc. reported adjusted earnings of $130.3 million or $1.64 per share for the period.

Analysts on average had expected the company to earn $1.61 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 7.3% to $972.4 million from $905.9 million last year.

ITT Inc. earnings at a glance (GAAP) :

-Earnings: $121 Mln. vs. $119.7 Mln. last year. -EPS: $1.52 vs. $1.45 last year. -Revenue: $972.4 Mln vs. $905.9 Mln last year.

-Guidance: Full year EPS guidance: $6.35 to $6.55